Guideline Value for SIVAN KOVIL STREET

Sivan Kovil Street guideline value

The current guideline value of Sivan Kovil Street in Chinnakavanam village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Sivan Kovil Street has changed

Looking at the revisions, the guideline value for Sivan Kovil Street was Rs 200 per sq.ft in 2012, which increased to Rs 134 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 124%, reaching Rs 300 per sq.ft in 2023, and it remained the same in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 50%.

Guideline values in Chinnakavanam

In Chinnakavanam, there are 28 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft, with a median value of Rs 300 per sq.ft. Sivan Kovil Street's 2024 guideline value aligns with this median.

• Sivan Kovil Madaveethi: Rs 300 per sq.ft (2024)
• Singara Mudali Street: Rs 300 per sq.ft (2024)
• Sri Kari Krishna Perumal Nagar: Rs 300 per sq.ft (2024)
• Sri Sai Aanand Garden: Rs 300 per sq.ft (2024)
• Sudukadu Chellum Pathai: Rs 300 per sq.ft (2024)
• Sundar Raja Mudali Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sivan Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total cost of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivan Kovil Street?

The Sub Registrar Office that covers Sivan Kovil Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Chinnakavanam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value serves as a benchmark for calculating the fees, ensuring that both the buyer and seller adhere to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sivan Kovil Street?

The current guideline value of Sivan Kovil Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 200 per sq.ft in 2012 to Rs 300 per sq.ft in 2023 and 2024. Notably, there was a significant increase of 124% from 2017 to 2023.

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

Other streets in Chinnakavanam with a guideline value of Rs 300 per sq.ft include Sivan Kovil Madaveethi, Singara Mudali Street, Sri Kari Krishna Perumal Nagar, Sri Sai Aanand Garden, Sudukadu Chellum Pathai, and Sundar Raja Mudali Street.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Sivan Kovil Street is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of property transactions in the area.