Guideline Value for SIVAN KOIL WEST 1ST STREET

Sivan Koil West 1st Street guideline value

The current guideline value of Sivan Koil West 1st Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

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

The guideline value for Sivan Koil West 1st Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 750 per sq.ft. This increased to Rs 824 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 1,400 per sq.ft in 2007, representing a 70% change. By 2012, the value was Rs 5,300 per sq.ft, reflecting a substantial 279% increase from 2007. However, it decreased to Rs 3,551 per sq.ft in 2017, showing a decline of 33%. The value was revised again to Rs 5,300 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 5,800 per sq.ft, which is a 9% increase from the previous year.

There are no figures available for the years between these revisions for Sivan Koil West 1st Street. Overall, from 2002 to 2024, the guideline value has increased by 673%.

Guideline values in Puliyur

In Puliyur, 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, which is the same as the current value for Sivan Koil West 1st Street.

• Sivan Koil West 1st Cross 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value amounts to 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, resulting in a total of 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 detailed calculations.

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

The Sivan Koil West 1st Street falls under the jurisdiction of the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value is an essential factor in the registration process of property transactions. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property in Puliyur, the guideline value affects the stamp duty and registration fees, which are calculated based on this value. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Sivan Koil West 1st 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 from Rs 750 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 673% over the years.

What is the land classification for Sivan Koil West 1st Street?

The land classification for Sivan Koil West 1st Street is Residential Class I Type - I.

Where can I find the registration office for Sivan Koil West 1st Street?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 5,22,000.