Guideline Value for SIVAN KOVIL STREET

Sivan Kovil Street guideline value

The current guideline value of Sivan Kovil Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sivan Kovil Street has changed

Since the 2012 revision, the guideline value for Sivan Kovil Street has seen various changes. The value was Rs 500 per sq.ft in 2012, which decreased to Rs 469 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 700 per sq.ft. The 2024 revision maintained this value at Rs 700 per sq.ft, reflecting a 0% change from the previous year.

The register has no figures for the years 2002, 2003, and 2007. Therefore, the last known values before 2012 are not available. Overall, from 2012 to 2024, the guideline value has increased by 40%.

Guideline values in Ponneri

Ponneri village has a total of 120 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 1,200 per sq.ft, with a median value of Rs 700 per sq.ft. Sivan Kovil Street's 2024 guideline value is equal to this median.

• Sivan Kovil St: Rs 900 per sq.ft (2024)
• Sivaraj Street: Rs 1,200 per sq.ft (2024)
• Sowdambigai Nagar: Rs 700 per sq.ft (2024)
• Sharma Avenue: Rs 1,200 per sq.ft (2024)
• Sri Karikrishna Perumal Nagar: Rs 700 per sq.ft (2024)
• Sri Mahendhra Avenue: Rs 900 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total cost Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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 more information.

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

The guideline value is a crucial factor during property registration in Ponneri. It is used to determine the stamp duty and registration fees payable when buying or selling property. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to consult the guideline value to ensure compliance with local regulations and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Sivan Kovil Street?

The current guideline value of Sivan Kovil Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, showing an overall increase of 40% over this period.

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

For a 1,000 sq.ft plot at the guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles property registrations for Sivan Kovil Street?

The Ponneri Sub Registrar Office handles property registrations for Sivan Kovil Street. It is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification of Sivan Kovil Street?

Sivan Kovil Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.