Guideline Value for SIVASAKTHINAGAR

Sivasakthinagar guideline value

The current guideline value of Sivasakthinagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO and is classified as Residential Class II Type - III.

How the guideline value of Sivasakthinagar has changed

The guideline value for Sivasakthinagar has seen several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. 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-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, which is equal to the guideline value of Sivasakthinagar.

• Sivaprakash Nagar: Rs 870 per sq.ft (2024)
• Sivan Koil Street, East,West,North South Mada Veet: Rs 770 per sq.ft (2024)
• Sivan Koil Street: Rs 770 per sq.ft (2024)
• Sivagami Nagar: Rs 870 per sq.ft (2024)
• Sree Selva Vigneshwara Nagar: Rs 438 per sq.ft (2024)
• Sri Ammal Nagar Extn: Rs 770 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 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivasakthinagar?

Sivasakthinagar is covered by 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-B

The guideline value is a critical factor in the registration process when buying or selling property in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties and fees, ensuring that the transaction is documented at a value recognized by the authorities.

Frequently asked questions

What is the current guideline value of Sivasakthinagar?

The current guideline value of Sivasakthinagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, with notable increases in 2023 and 2024 revisions.

What is the land classification of Sivasakthinagar?

Sivasakthinagar is classified as Residential Class II Type - III, indicating its suitability for residential development.

Where can I find the registration office for Sivasakthinagar?

The registration office for 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.

How is stamp duty calculated for properties in Sivasakthinagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 7,70,000 would incur a stamp duty of Rs 53,900 at 7%.