Guideline Value for SIVAN KOIL CROSS STREET

Sivan Koil Cross Street guideline value

The current guideline value of Sivan Koil Cross Street in Puliyur village, under the Kodambakkam SRO, is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of Sivan Koil Cross Street has changed

The guideline value for Sivan Koil Cross Street has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 1,038 per sq.ft. This increased to Rs 1,140 per sq.ft in 2003, marking a rise of 10%. In 2007, the value jumped significantly to Rs 1,400 per sq.ft, reflecting a 23% increase. The 2012 revision recorded a value of Rs 5,300 per sq.ft, which represented a substantial increase of 279% from the previous figure. However, the guideline value decreased by 33% to Rs 3,551 per sq.ft in 2017. The value then rose again to Rs 5,300 per sq.ft in 2023, before reaching the current figure of Rs 5,800 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 459%. The register has no figures for the years not listed in the revisions.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value is Rs 5,800 per sq.ft, which is equal to the current figure for Sivan Koil Cross Street.

• Sivan Koil South 1st Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil 1st Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil 1st Cross Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil South Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil Street: Rs 6,300 per sq.ft (2024)
• Sivanandha Salai: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sivan Koil Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would amount to Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, making the total cost for these fees Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Sivan Koil Cross Street?

The Sivan Koil Cross Street is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Puliyur

The guideline value plays a crucial role in the registration process when buying or selling property. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers need to be aware that the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is sold, the sale price must be at least equal to the guideline value to ensure compliance with registration laws. This helps maintain transparency in property transactions and ensures that the government receives the appropriate taxes from property sales.

Frequently asked questions

What is the current guideline value of Sivan Koil Cross Street?

The current guideline value of Sivan Koil Cross Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,038 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 459% over the years.

What is the stamp duty rate for properties in Sivan Koil Cross Street?

The stamp duty rate for properties in Sivan Koil Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sivan Koil Cross Street?

The Kodambakkam Sub Registrar Office covers Sivan Koil Cross Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the other streets in Puliyur with the same guideline value?

Several other streets in Puliyur have the same guideline value of Rs 5,800 per sq.ft, including Sivan Koil South 1st Street, Sivan Koil 1st Street, Sivan Koil 1st Cross Street, and Sivan Koil South Street.