Guideline Value for SIVAN KOVIL ST

Sivan Kovil St guideline value

The current guideline value of Sivan Kovil St is Rs 900 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 I Type - I.

How the guideline value of Sivan Kovil St has changed

The guideline value of Sivan Kovil St has seen significant changes over the years. In 2002, the guideline value was Rs 54 per sq.ft, which increased to Rs 62 per sq.ft in 2003, marking a 15% increase. Following this, the value rose dramatically to Rs 500 per sq.ft in 2023, reflecting a 706% increase from the 2003 figure. Unfortunately, there are no figures available for the revisions in 2007, 2012, and 2017.

With the latest revision in 2024, the guideline value has further increased to Rs 900 per sq.ft, representing an 80% increase from the 2023 figure. Overall, from the 2002 revision to the 2024 revision, there has been a substantial increase of 1,567% in the guideline value.

Guideline values in Ponneri

Ponneri village has a total of 120 streets under the Ponneri SRO that have a guideline value for 2024, ranging from Rs 201 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, making Sivan Kovil St's 2024 figure of Rs 900 per sq.ft above the median.

• Sivan Kovil Street: 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 St

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sivan Kovil St?

The Sub Registrar Office that covers Sivan Kovil St is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when it comes to the registration of property transactions in Ponneri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is bought or sold, the guideline value is referenced to ensure that the transaction is in compliance with local regulations. The stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sivan Kovil St?

The current guideline value of Sivan Kovil St is Rs 900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 54 per sq.ft to Rs 900 per sq.ft in 2024, marking an overall increase of 1,567%.

What is the median guideline value for streets in Ponneri?

The median guideline value for the 120 streets in Ponneri under the Ponneri SRO is Rs 700 per sq.ft.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 81,000, based on the current rates.

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

The Sub Registrar Office for Sivan Kovil St is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO online.