Guideline Value for SIVASAKTHI NAGAR 4th STREET

SIVASAKTHI NAGAR 4th STREET guideline value

The current guideline value of SIVASAKTHI NAGAR 4th STREET is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the Villivakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of SIVASAKTHI NAGAR 4th STREET has changed

The guideline value has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,700 per sq.ft in 2012, marking a rise of 350%. However, from 2012 to 2017, the value decreased to Rs 1,809 per sq.ft, a drop of 33%. The value then rose again to Rs 2,700 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 2,900 per sq.ft, which is a 7% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Korattur

Korattur has a total of 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value for these streets is Rs 2,500 per sq.ft, placing SIVASAKTHI NAGAR 4th STREET above this median at Rs 2,900 per sq.ft.

• Sivasakthi Nagar 5th Street: Rs 2,900 per sq.ft (2024)
• Sivasakthi Nagar 6th To 10th Street: Rs 2,900 per sq.ft (2024)
• SIVASAKTHI NAGAR 3rd STREET: Rs 2,900 per sq.ft (2024)
• Sivasakthi Nagar Extension: Rs 2,900 per sq.ft (2024)
• SIVASAKTHI NAGAR (Near Water Canal Road): Rs 2,900 per sq.ft (2024)
• Sivasakthi Nagar Tamil Street: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in SIVASAKTHI NAGAR 4th STREET

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, bringing the total fees to 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 4th STREET?

The SIVASAKTHI NAGAR 4th STREET 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 details.

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

The guideline value is a crucial factor during property registration in Korattur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

Frequently asked questions

What is the current guideline value of SIVASAKTHI NAGAR 4th STREET?

The current guideline value of SIVASAKTHI NAGAR 4th 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 600 per sq.ft in 2007 to Rs 2,900 per sq.ft in 2024, reflecting an overall increase of 383% over the years.

Which Sub Registrar Office covers SIVASAKTHI NAGAR 4th STREET?

The Villivakkam Sub Registrar Office covers SIVASAKTHI NAGAR 4th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 29,00,000, the stamp duty would be Rs 2,03,000 and the registration fee would be Rs 58,000, totaling Rs 2,61,000.

Where can I find more information about the guideline values in Korattur?

More information about the guideline values in Korattur can be found in the Registration Department's guideline value register (TNReginet).