Guideline Value for SIVAN KOIL STREET

Sivan Koil Street guideline value

The current guideline value of Sivan Koil Street is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Sivan Koil Street has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. The current rate of Rs 750 per sq.ft aligns with the median value for the 382 streets in Thiruninravur-A under the Avadi SRO, which ranges from Rs 440 to Rs 2,750 per sq.ft.

Guideline values in Thiruninravur-A

In Thiruninravur-A, the guideline values vary across different streets. Sivan Koil Street's 2024 figure of Rs 750 per sq.ft is equal to the median value for the area. The following are other streets in Thiruninravur-A under the Avadi SRO:

• Sivan Koil Street, East,West,North South Mada Veet: Rs 750 per sq.ft (2024)
• Sivaprakash Nagar: Rs 840 per sq.ft (2024)
• Sivasakthinagar: Rs 750 per sq.ft (2024)
• Sivagami Nagar: Rs 840 per sq.ft (2024)
• Sree Kamachi Amman Nagar Annexure -C: Rs 880 per sq.ft (2024)
• Sree Selva Vigneshwara Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Sivan Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total charges to Rs 67,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sivan Koil Street?

The Sub Registrar Office that covers Sivan Koil Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value serves as a basis for calculating stamp duty and registration fees when buying or selling property. It is essential to be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of a property transaction.

During the registration process, the guideline value is considered to determine the applicable fees. Buyers and sellers should be informed about the current guideline value to facilitate a smooth transaction and avoid any potential disputes regarding property valuation.

Frequently asked questions

What is the current guideline value of Sivan Koil Street?

The current guideline value of Sivan Koil Street is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024, which is a total increase of 60% over this period.

What was the guideline value in 2023?

The guideline value for Sivan Koil Street in 2023 was Rs 700 per sq.ft, which represented a 49% increase from the 2017 figure.

What is the land classification for Sivan Koil Street?

Sivan Koil Street is classified as Residential Class II Type - III, indicating its suitability for residential development.

Where can I find more information about stamp duty and registration fees?

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