Guideline Value for SIVASAKTHINAGAR

Sivasakthinagar guideline value

The current guideline value of Sivasakthinagar is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in the village of Thiruninravur-A and falls under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Sivasakthinagar has changed

The guideline value for Sivasakthinagar has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, reflecting a rise of 49%. The latest revision in 2024 has set the guideline value at Rs 750 per sq.ft, marking a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which aligns with the current guideline value of Sivasakthinagar.

• Sivaprakash Nagar: Rs 840 per sq.ft (2024)
• Sivan Koil Street, East,West,North South Mada Veet: Rs 750 per sq.ft (2024)
• Sivan Koil Street: Rs 750 per sq.ft (2024)
• Sivagami Nagar: Rs 840 per sq.ft (2024)
• Sree Kamachi Amman Nagar Annexure -C: Rs 880 per sq.ft (2024)
• Sree Selva Vigneshwara Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasakthinagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total charges together to Rs 67,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivasakthinagar?

The Sub Registrar Office that covers Sivasakthinagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor when buying or selling property in Thiruninravur-A, as it determines the stamp duty and registration fees payable during the transaction. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Furthermore, understanding the guideline value can help in assessing the costs involved in property transactions, ensuring that all parties are aware of the financial implications before finalizing any deal.

Frequently asked questions

What is the current guideline value of Sivasakthinagar?

The current guideline value of Sivasakthinagar is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, reflecting a total increase of 60% over this period.

What is the land classification for Sivasakthinagar?

Sivasakthinagar is classified as Residential Class II Type - III, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 7,50,000, the stamp duty is Rs 52,500 and the registration fee is Rs 15,000, totaling Rs 67,500 for the transaction.

Where can I find the Sub Registrar Office for Sivasakthinagar?

The Avadi Sub Registrar Office covers Sivasakthinagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.