Guideline Value for SIVAN KOIL STREET

Sivan Koil Street guideline value

The current guideline value of Sivan Koil Street in Puliyur village is Rs 6,300 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Kodambakkam Sub Registrar Office and is classified as Residential Special Type - III.

How the guideline value of Sivan Koil Street has changed

Over the years, the guideline value of Sivan Koil Street has seen significant changes. The 2007 revision set the value at Rs 1,650 per sq.ft, which increased to Rs 5,800 per sq.ft in the 2012 revision. This marked a substantial rise of 252%. The value remained unchanged at Rs 5,800 per sq.ft in the 2023 revision, but saw an increase of 9% to Rs 6,300 per sq.ft in the 2024 revision.

It is noteworthy that there are no figures available for the years 2002, 2003, and 2017 in the register for Sivan Koil Street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 282%.

Guideline values in Puliyur

In Puliyur village, 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, placing Sivan Koil Street's 2024 figure above this median.

• Sivan Koil West 1st Cross Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil West 1st Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil West 2nd Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil South Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil South 1st Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil Cross Street: Rs 5,800 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 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would amount to Rs 4,41,000, while the registration fee at 2% would be Rs 1,26,000, bringing the total fees to Rs 5,67,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivan Koil Street?

The Sub Registrar Office that covers Sivan Koil Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Puliyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to be aware of the current guideline value to avoid any discrepancies 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 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,650 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, marking a total increase of 282% over the years.

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

Other streets in Puliyur include Sivan Koil West 1st Cross Street, Sivan Koil West 1st Street, Sivan Koil West 2nd Street, Sivan Koil South Street, Sivan Koil South 1st Street, and Sivan Koil Cross Street, all valued at Rs 5,800 per sq.ft in 2024.

What fees are associated with buying property on Sivan Koil Street?

When buying property on Sivan Koil Street, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find more information through the provided link.