Guideline Value for SIVAPRAKASH NAGAR

Sivaprakash Nagar guideline value

The current guideline value of Sivaprakash Nagar is Rs 870 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village, under the Avadi Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - II.

How the guideline value of Sivaprakash Nagar has changed

The guideline value for Sivaprakash Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 800 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the guideline value to Rs 870 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 18%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value for Sivaprakash Nagar is above this median.

• Sivan Koil Street, East,West,North South Mada Veet: Rs 770 per sq.ft (2024)
• Sivasakthinagar: Rs 770 per sq.ft (2024)
• Sivan Koil Street: Rs 770 per sq.ft (2024)
• Sivagami Nagar: Rs 870 per sq.ft (2024)
• Sree Selva Vigneshwara Nagar: Rs 438 per sq.ft (2024)
• Sri Ammal Nagar Extn: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Sivaprakash Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 870 per sq.ft, the total guideline value amounts to Rs 8,70,000. The stamp duty at 7% would be Rs 60,900, and the registration fee at 2% would be Rs 17,400, bringing the total fees to Rs 78,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivaprakash Nagar?

The Sub Registrar Office that covers Sivaprakash Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a crucial factor when registering property transactions in Thiruninravur-B. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the registration fees are calculated fairly based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sivaprakash Nagar?

The current guideline value of Sivaprakash Nagar is Rs 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 870 per sq.ft in 2024. Overall, this represents an 18% increase from 2017 to 2024.

What are the stamp duty and registration fees for property in Sivaprakash Nagar?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 78,300.

Which Sub Registrar Office covers this area?

The Avadi Sub Registrar Office covers Sivaprakash Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Sivaprakash Nagar?

The land classification for Sivaprakash Nagar is Residential Class II Type - II, indicating its suitability for residential development.