Guideline Value for SIVAN KOIL SOUTH 1ST STREET

Sivan Koil South 1st Street guideline value

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

How the guideline value of Sivan Koil South 1st Street has changed

Over the years, the guideline value of Sivan Koil South 1st Street has seen several revisions. The 2002 revision recorded a guideline value of Rs 1,038 per sq.ft. This figure increased to Rs 1,140 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 1,400 per sq.ft in 2007, reflecting a 23% increase. The 2012 revision saw a significant jump to Rs 5,300 per sq.ft, which was a 279% increase. However, this was followed by a decrease to Rs 3,551 per sq.ft in 2017, representing a 33% drop. The value then increased to Rs 5,300 per sq.ft in 2023, a 49% rise, before reaching the current value of Rs 5,800 per sq.ft in 2024, which is a 9% increase.

There are no figures available for the years not mentioned in the register for this street. The overall change from the 2002 revision to the current 2024 guideline value represents a substantial increase of 459%.

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 for these streets is Rs 5,800 per sq.ft, which aligns with the current value of Sivan Koil South 1st Street.

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

Stamp duty and registration fee for property in Sivan Koil South 1st Street

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

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivan Koil South 1st Street?

The Sivan Koil South 1st Street falls under the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale or purchase of property.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sivan Koil South 1st Street?

The current guideline value of Sivan Koil South 1st 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 over the years, from Rs 1,038 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, representing an overall increase of 459%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000, and the registration fee would be Rs 1,16,000, totaling Rs 5,22,000.

Which Sub Registrar Office covers Sivan Koil South 1st Street?

The Kodambakkam Sub Registrar Office covers Sivan Koil South 1st Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum price for property registration and is essential for calculating stamp duty and registration fees during property transactions.