Guideline Value for SIVASAKTHI NAGAR 6TH TO 10TH STREET

Sivasakthi Nagar 6th To 10th Street guideline value

The current guideline value of Sivasakthi Nagar 6th To 10th Street is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, falling under the Villivakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Sivasakthi Nagar 6th To 10th Street has changed

In the 2012 revision, the guideline value was set at Rs 2,700 per sq.ft. This figure decreased to Rs 1,809 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent revision in 2024 shows a significant increase, bringing the guideline value back up to Rs 2,900 per sq.ft, which represents a 60% rise from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 7%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Korattur

Korattur village 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 6th To 10th Street above this median at Rs 2,900 per sq.ft.

• Sivasakthi Nagar 5th Street: Rs 2,900 per sq.ft (2024)
• Sivasakthi Nagar Extension: Rs 2,900 per sq.ft (2024)
• SIVASAKTHI NAGAR 4th STREET: 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)
• SIVASAKTHI NAGAR 3rd STREET: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasakthi Nagar 6th To 10th 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sivasakthi Nagar 6th To 10th Street?

The Sivasakthi Nagar 6th To 10th 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 information.

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

The guideline value serves as a benchmark for property transactions in Korattur. When buying or selling property, this value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the financial obligations during the property transaction process. Understanding the guideline value can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar 6th To 10th Street?

The current guideline value of Sivasakthi Nagar 6th To 10th 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 changed from Rs 2,700 per sq.ft in 2012 to Rs 1,809 per sq.ft in 2017, and then increased to Rs 2,900 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023 for this street.

What is the median guideline value in Korattur?

The median guideline value for the 617 streets in Korattur under the Villivakkam SRO is Rs 2,500 per sq.ft. Sivasakthi Nagar 6th To 10th Street's guideline value is above this median.

What are the stamp duty and registration fees for property in Sivasakthi Nagar 6th To 10th Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 2,03,000, and the registration fee is Rs 58,000, totaling Rs 2,61,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sivasakthi Nagar 6th To 10th Street?

The Villivakkam Sub Registrar Office covers Sivasakthi Nagar 6th To 10th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.