Guideline Value for SIVAN KOIL STREET

Sivan Koil Street guideline value

The current guideline value of Sivan Koil Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO, and it falls under the Residential Class II Type - III land classification.

How the guideline value of Sivan Koil Street has changed

The guideline value for Sivan Koil Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 770 per sq.ft, an increase of 10% from Rs 700 per sq.ft in the 2023 revision. Prior to that, in the 2017 revision, the value was Rs 469 per sq.ft, marking a significant increase of 49% to the 2023 figure.

There are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that have a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the 2024 figure for Sivan Koil Street.

• Sivan Koil Street, East,West,North South Mada Veet: Rs 770 per sq.ft (2024)
• Sivaprakash Nagar: Rs 870 per sq.ft (2024)
• Sivasakthinagar: Rs 770 per sq.ft (2024)
• Sivagami Nagar: Rs 870 per sq.ft (2024)
• Sree Selva Vigneshwara Nagar: Rs 438 per sq.ft (2024)
• Sri Ammal Nagar Extn: Rs 770 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 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. Please note that the 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 detailed calculations.

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 more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Thiruninravur-B. It determines the minimum value at which the property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it influences the overall costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sivan Koil Street?

The current guideline value of Sivan Koil Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties in Sivan Koil Street?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

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

The Sub Registrar Office for 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.

What is the land classification for Sivan Koil Street?

Sivan Koil Street falls under the Residential Class II Type - III land classification, which is significant for property transactions and development regulations.