Guideline Value for SIVANANDHA SALAI

Sivanandha Salai guideline value

The current guideline value of Sivanandha Salai is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Sivanandha Salai has changed

The guideline value for Sivanandha Salai has experienced several revisions over the years. In 2007, the value was set at Rs 1,650 per sq.ft, which then increased significantly to Rs 6,500 per sq.ft in 2012, marking a rise of 294%. However, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 shows a substantial increase to Rs 7,100 per sq.ft, which is a 63% rise from the 2017 figure.

It is important to note that there are no registered figures for Sivanandha Salai in the years 2002, 2003, and 2023. Overall, from 2007 to 2024, the guideline value has increased by 330%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, indicating that the guideline value for Sivanandha Salai is above this median.

• Sivan Koil 1st Cross Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil 1st Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil Cross Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil South 1st Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil South Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sivanandha Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty, charged at 7%, would be Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000. Together, the total cost for these fees would be Rs 6,39,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sivanandha Salai?

The Sivanandha Salai falls under the jurisdiction of the Kodambakkam Sub Registrar Office located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Puliyur. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers need to be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold or purchased, the guideline value serves as a benchmark for calculating the applicable fees. It is essential for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sivanandha Salai?

The current guideline value of Sivanandha Salai is Rs 7,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an increase from Rs 1,650 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, representing an overall increase of 330% over the years.

What are the other streets in Puliyur with their guideline values?

Other streets in Puliyur include Sivan Koil 1st Cross Street, Sivan Koil 1st Street, Sivan Koil Cross Street, Sivan Koil South 1st Street, Sivan Koil South Street, and Sivan Koil Street, with values ranging from Rs 5,800 to Rs 6,300 per sq.ft in 2024.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Sivanandha Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 71,00,000, the stamp duty would be calculated at 7% of this amount.