Guideline Value for SIVAN KOIL WEST 1ST CROSS STREET

Sivan Koil West 1st Cross Street guideline value

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

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

The guideline value for Sivan Koil West 1st Cross Street has seen several revisions over the years. In 2002, the value was Rs 750 per sq.ft. This increased to Rs 824 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 1,400 per sq.ft in 2007, reflecting a 70% increase. Following this, the 2012 revision set the value at Rs 5,300 per sq.ft, which was a substantial increase of 279% from the previous revision. However, in 2017, the value dropped to Rs 3,551 per sq.ft, a decrease of 33%.

In 2023, the guideline value was revised to Rs 5,300 per sq.ft, and the most recent revision in 2024 set it at Rs 5,800 per sq.ft, which is a 9% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 673%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, 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 is the same as the current value for Sivan Koil West 1st Cross Street. Below are the guideline values for other streets in Puliyur:

• 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 Street: Rs 6,300 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 West 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 5,800 per sq.ft, the guideline value would be 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, totaling Rs 5,22,000. It is important to 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 details.

Which Sub Registrar Office covers Sivan Koil West 1st Cross Street?

The Sub Registrar Office that covers Sivan Koil West 1st Cross 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 further assistance.

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 serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is important for buyers to be aware of the guideline value to ensure they are paying a fair price and to avoid any disputes during the registration process.

Frequently asked questions

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

The current guideline value of Sivan Koil West 1st Cross 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, increasing from Rs 750 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, which is an overall increase of 673%.

What are the other streets in Puliyur with the same guideline value?

Other streets in Puliyur with the same guideline value of Rs 5,800 per sq.ft include Sivan Koil West 1st Street, Sivan Koil West 2nd Street, Sivan Koil South Street, Sivan Koil South 1st Street, and Sivan Koil Cross Street.

What is the registration fee for properties in Sivan Koil West 1st Cross Street?

The registration fee for properties in Sivan Koil West 1st Cross Street is 2% of the guideline value. For a property valued at Rs 58,00,000, the registration fee would be Rs 1,16,000.

Where is the Sub Registrar Office for Sivan Koil West 1st Cross Street located?

The Sub Registrar Office for Sivan Koil West 1st Cross Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.