Guideline Value for SIVAN KOIL STREET

Sivan Koil Street guideline value

The current guideline value of Sivan Koil Street in Koladi village is Rs 660 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class II Type - III.

How the guideline value of Sivan Koil Street has changed

The guideline value for Sivan Koil Street has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a 100% increase. However, from 2012 to 2017, the value decreased by 33% to Rs 402 per sq.ft. The subsequent revision in 2017 raised the value to Rs 600 per sq.ft in 2023, a 49% increase, and finally, the current value is Rs 660 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

The register has no figures for Sivan Koil Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Koladi

In Koladi, there are 175 streets under the Chennai South Joint II SRO that have a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Sivan Koil Street is below this median.

• Sivasakthi Vinayagar Street: Rs 880 per sq.ft (2024)
• Siva Sankar Nagar: Rs 660 per sq.ft (2024)
• Sivasankar Nagar Road: Rs 660 per sq.ft (2024)
• Shri Sivasakthi Vinayagar Nagar: Rs 1,100 per sq.ft (2024)
• Shri Karumari Nagar: Rs 1,100 per sq.ft (2024)
• Shri Devi Karumari Nagar: Rs 1,100 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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. 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 details.

Which Sub Registrar Office covers Sivan Koil Street?

The Sivan Koil Street is covered by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Koladi. It serves as a benchmark for determining the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees.

When buying or selling property, the guideline value helps ensure transparency and standardization in property transactions. It is important for buyers and sellers to be aware of the current guideline value to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Sivan Koil Street?

The current guideline value of Sivan Koil Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting a 120% increase over the years.

What is the land classification of Sivan Koil Street?

Sivan Koil Street is classified as Residential Class II Type - III under the Chennai South Joint II SRO.

What are the other streets in Koladi with their guideline values?

Other streets in Koladi include Sivasakthi Vinayagar Street at Rs 880 per sq.ft, Siva Sankar Nagar at Rs 660 per sq.ft, and Shri Sivasakthi Vinayagar Nagar at Rs 1,100 per sq.ft, among others.

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.