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Guideline Value

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Guideline Value for SIVASAKTHI NAGAR (Near Water Canal Road)

₹2900/sq.ft.

The guideline value for Sivasakthi Nagar (near Water Canal Road) in Korattur village (Villivakkam SRO, Chennai zone) is Rs 2900 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Korattur

Village

Villivakkam

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2900 /sq.ft.
From 1-4-2023 ₹2700 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sivasakthi Nagar (near Water Canal Road)

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SIVASAKTHI NAGAR (Near Water Canal Road) guideline value

The current guideline value of SIVASAKTHI NAGAR (Near Water Canal Road) is Rs 2,900 per sq.ft, effective from 1 July 2024. This property is located in Korattur village under the Villivakkam SRO, classified as Residential Class II Type - II.

How the guideline value of SIVASAKTHI NAGAR (Near Water Canal Road) has changed

In the 2012 revision, the guideline value was Rs 2,700 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,900 per sq.ft, marking a 7% increase from the previous year. Overall, from 2012 to 2024, there has been a 7% increase in the guideline value.

The register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Thus, the only revisions that provide figures are from 2012, 2023, and 2024.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft, with a median value of Rs 2,500 per sq.ft. The guideline value of SIVASAKTHI NAGAR (Near Water Canal Road) is above this median.

Stamp duty and registration fee for property in SIVASAKTHI NAGAR (Near Water Canal Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value amounts to Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, resulting in a total of Rs 2,61,000. 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 detailed calculations.

Which Sub Registrar Office covers SIVASAKTHI NAGAR (Near Water Canal Road)?

The SIVASAKTHI NAGAR (Near Water Canal Road) area falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Korattur, as it determines the minimum value at which a property can be registered. When a property is sold, the guideline value serves as a reference point for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

Frequently asked questions

What is the current guideline value of SIVASAKTHI NAGAR?

The current guideline value of SIVASAKTHI NAGAR (Near Water Canal Road) is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of SIVASAKTHI NAGAR has seen a 7% increase from Rs 2,700 per sq.ft in 2023 to Rs 2,900 per sq.ft in 2024. There was no change from 2012 to 2023, maintaining a value of Rs 2,700 per sq.ft.

What is the land classification of SIVASAKTHI NAGAR?

SIVASAKTHI NAGAR is classified as Residential Class II Type - II, indicating its suitability for residential development.

Which office handles registrations for SIVASAKTHI NAGAR?

The Villivakkam Sub Registrar Office handles registrations for SIVASAKTHI NAGAR, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated in SIVASAKTHI NAGAR?

Stamp duty in SIVASAKTHI NAGAR is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.