Guideline Value

Corporate

Guideline Value for SIVASAKTHI NAGAR

₹330/sq.ft.

The guideline value for Sivasakthi Nagar in Athipattu village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Athipattu

Village

Thiruvottiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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

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Sivasakthi Nagar guideline value

The current guideline value of Sivasakthi Nagar, located in Athipattu village under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sivasakthi Nagar has changed

The guideline value for Sivasakthi Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 330 per sq.ft, marking a significant increase of 64% from the 2017 figure.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The change from 2023 to 2024 reflects a 10% increase, while the change from 2017 to 2023 shows a 49% increase.

Guideline values in Athipattu

Athipattu village has 108 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is the same as the current value for Sivasakthi Nagar.

Stamp duty and registration fee for property in Sivasakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, leading to a total cost of Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivasakthi Nagar?

The Sivasakthi Nagar area falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Athipattu. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar?

The current guideline value of Sivasakthi Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 64%. The value rose from Rs 300 per sq.ft in 2023 to Rs 330 per sq.ft in 2024, a 10% increase.

Which Sub Registrar Office covers Sivasakthi Nagar?

Sivasakthi Nagar is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What are the stamp duty and registration fees for a property in Sivasakthi Nagar?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100, and the registration fee would be Rs 6,600, totaling Rs 29,700. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find more information on guideline values in Athipattu?

Information on guideline values in Athipattu can be found in the Registration Department's guideline value register (TNReginet), which provides detailed figures for various streets in the area.