Guideline Value for SIVASAKTHI NAGAR - KAMBAR STREET

Sivasakthi Nagar - Kambar Street guideline value

The current guideline value of Sivasakthi Nagar - Kambar Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thirusulam village and falls under the Pallavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Sivasakthi Nagar - Kambar Street has changed

The guideline value for Sivasakthi Nagar - Kambar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision saw an increase to Rs 1,000 per sq.ft, and the current 2024 revision has further increased it to Rs 1,320 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From the 2012 to 2017 revision, the change was a decrease of 33%. However, from 2017 to 2023, the value increased by 24%, and from 2023 to 2024, there was a significant increase of 32%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that have a guideline value for 2024, ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median value among these streets is Rs 1,940 per sq.ft, placing Sivasakthi Nagar - Kambar Street's 2024 figure below that median.

• Sivasakthi Nagar - Kalainger Salai: Rs 1,320 per sq.ft (2024)
• Sivasakthi Nagar - Ramachandran Street: Rs 1,320 per sq.ft (2024)
• Samy Nagar 1 To 2 Streets: Rs 1,100 per sq.ft (2024)
• Sakthi Nagar - Thiruvalluvar Street: Rs 1,320 per sq.ft (2024)
• Sakthi Nagar - Mahathma Gandhi Street: Rs 1,320 per sq.ft (2024)
• Sakthi Nagar - Kambar Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasakthi Nagar - Kambar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Sivasakthi Nagar - Kambar Street?

The Sivasakthi Nagar - Kambar Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your specific SRO, you can visit this find your SRO link.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirusulam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to assess the applicable charges. Buyers should be aware that the duty is calculated based on the higher of the guideline value or the sale price, ensuring that the registration reflects the true value of the property.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar - Kambar Street?

The current guideline value of Sivasakthi Nagar - Kambar Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and is currently Rs 1,320 per sq.ft in 2024.

What are the other streets in Thirusulam with similar guideline values?

Other streets in Thirusulam with similar guideline values include Sivasakthi Nagar - Kalainger Salai, Sivasakthi Nagar - Ramachandran Street, and Sakthi Nagar streets, all valued at Rs 1,320 per sq.ft in 2024.

What is the registration fee for property in Sivasakthi Nagar - Kambar Street?

The registration fee for property in Sivasakthi Nagar - Kambar Street is calculated based on the guideline value. For example, for a 1,000 sq.ft plot, the total registration fees would amount to Rs 1,18,800.

Which office should I visit for registration in Thirusulam?

The registration for properties in Thirusulam, including Sivasakthi Nagar - Kambar Street, is handled by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Chennai.