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_2 village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Sivan Kovil Street has changed

The guideline value for Sivan Kovil Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 700 per sq.ft, which is the same as the 2023 revision. Before that, the 2017 revision recorded a guideline value of Rs 469 per sq.ft. The changes from 2017 to 2023 reflect a significant increase of 49%, and from 2017 to 2024, the overall increase remains at 49% as well.

There are no figures recorded for the revisions in 2002, 2003, 2007, and 2012 for Sivan Kovil Street. This lack of data means we cannot assess any changes during those years.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft, with the median value being Rs 700 per sq.ft. Sivan Kovil Street's 2024 guideline value is equal to this median.

• Sivaraj Street: Rs 1,200 per sq.ft (2024)
• Sharma Avenue: Rs 1,200 per sq.ft (2024)
• Shankar Nagar: Rs 702 per sq.ft (2024)
• Sri Shakthi Nagar: Rs 700 per sq.ft (2024)
• Samundeeswari Nagar: Rs 700 per sq.ft (2024)
• Samayapuri Mudaliar St: Rs 702 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, bringing the total fees to Rs 63,000. 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 Kovil Street?

Sivan Kovil Street falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial component in the registration process when buying or selling property in Ponneri_2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recorded in accordance with the prevailing regulations.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 much has the guideline value changed since 2017?

Since 2017, the guideline value of Sivan Kovil Street has increased by 49%, rising from Rs 469 per sq.ft to Rs 700 per sq.ft in 2024.

Are there any revisions without figures for Sivan Kovil Street?

Yes, the revisions for the years 2002, 2003, 2007, and 2012 have no figures recorded for Sivan Kovil Street in the register.

What are the stamp duty rates for properties in Sivan Kovil Street?

The stamp duty for properties in Sivan Kovil Street is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Which office handles the registration of properties in Sivan Kovil Street?

The Ponneri Sub Registrar Office handles the registration of properties in Sivan Kovil Street, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.