Guideline Value

Corporate

Guideline Value for SIVASAKTHI NAGAR 3rd STREET

₹2900/sq.ft.

The guideline value for Sivasakthi Nagar 3rd Street 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 ₹1809 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹163 /sq.ft.
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 3rd Street

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SIVASAKTHI NAGAR 3rd STREET guideline value

The current guideline value of SIVASAKTHI NAGAR 3rd STREET is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the Villivakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of SIVASAKTHI NAGAR 3rd STREET has changed

The guideline value for SIVASAKTHI NAGAR 3rd STREET has seen several revisions over the years. In 2002, the guideline value was Rs 163 per sq.ft, which increased to Rs 600 per sq.ft in 2007. This was a significant rise of 268%. The value then jumped to Rs 2,700 per sq.ft in 2012, marking a 350% increase from the previous revision. However, it decreased to Rs 1,809 per sq.ft in 2017, reflecting a decline of 33%. The value then rose again to Rs 2,700 per sq.ft in 2023, followed by the current rate of Rs 2,900 per sq.ft in 2024, which is a 7% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1679%. It is important to note that there is no figure available for SIVASAKTHI NAGAR 3rd STREET in the 2003 revision.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value in this area is Rs 2,500 per sq.ft, making the current value of SIVASAKTHI NAGAR 3rd STREET above that median.

Stamp duty and registration fee for property in SIVASAKTHI NAGAR 3rd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, while the registration fee at 2% would be Rs 58,000. Together, the total fees would be Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SIVASAKTHI NAGAR 3rd STREET?

The SIVASAKTHI NAGAR 3rd STREET falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Korattur. It helps determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of SIVASAKTHI NAGAR 3rd STREET?

The current guideline value of SIVASAKTHI NAGAR 3rd STREET is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 163 per sq.ft in 2002 to Rs 2,900 per sq.ft in 2024, which is an overall increase of 1679%.

What is the median guideline value in Korattur?

The median guideline value in Korattur is Rs 2,500 per sq.ft, and SIVASAKTHI NAGAR 3rd STREET's value is above this median.

What are the registration fees for a property in SIVASAKTHI NAGAR 3rd STREET?

The registration fees include a stamp duty of 7% and a registration fee of 2%, based on the higher of the guideline value or the sale price.

Which office handles the registration for SIVASAKTHI NAGAR 3rd STREET?

The Villivakkam Sub Registrar Office handles the registration for SIVASAKTHI NAGAR 3rd STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.