Guideline Value for SIVANANDAM GARDEN

Sivanandam Garden guideline value

The current guideline value of Sivanandam Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Karapakkam village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sivanandam Garden has changed

The guideline value of Sivanandam Garden has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 1,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO, with guideline values in 2024 ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Sivanandam Garden's 2024 guideline value below this median.

• Shizhinganallur Joint Road/Link Road: Rs 1,100 per sq.ft (2024)
• Selvam Garden: Rs 1,100 per sq.ft (2024)
• Sarangan Garden: Rs 1,100 per sq.ft (2024)
• Sapthagiri Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Saminanayakkan Street: Rs 1,100 per sq.ft (2024)
• SADAGOPAN STREET 1st CROSS STREET: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivanandam Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivanandam Garden?

The Sivanandam Garden area is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in property transactions in Karapakkam, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. 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 Sivanandam Garden?

The current guideline value of Sivanandam Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the median guideline value in Karapakkam?

The median guideline value for the 185 streets in Karapakkam under the Neelankarai SRO is Rs 1,700 per sq.ft.

What are the stamp duty rates for property in Sivanandam Garden?

The stamp duty for property transactions in Sivanandam Garden is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sivanandam Garden?

The Neelankarai Sub Registrar Office covers Sivanandam Garden and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.