Guideline Value for SIVASUKKU ROAD 4TH ROAD

Sivasukku Road 4th Road guideline value

The current guideline value of Sivasukku Road 4th Road is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Sivasukku Road 4th Road has changed

The guideline value for Sivasukku Road 4th Road has undergone several revisions over the years. In 2002, the guideline value was Rs 1,397 per sq.ft. This increased to Rs 1,546 per sq.ft in 2003, marking an increase of 11%. The value continued to rise significantly, reaching Rs 2,200 per sq.ft in 2007, which represented a 42% increase from the previous revision. By 2012, the guideline value was Rs 6,500 per sq.ft, reflecting a substantial increase of 195% from 2007. However, this value decreased to Rs 4,355 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the guideline value saw a notable increase to Rs 6,500 per sq.ft, which was a 49% rise. The most recent revision in 2024 set the guideline value at Rs 7,150 per sq.ft, marking a 10% increase from the previous year. Overall, the guideline value has increased by 412% from 2002 to 2024.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. The guideline value for Sivasukku Road 4th Road is below this median.

• Sivasundar Avenue: Rs 11,000 per sq.ft (2024)
• South Mada Veethi: Rs 7,150 per sq.ft (2024)
• Sivakamipuram Main Road: Rs 11,000 per sq.ft (2024)
• Sivakamipuram 2nd Cross Street: Rs 9,900 per sq.ft (2024)
• Sivakamipuram 1st Cross Street: Rs 11,000 per sq.ft (2024)
• Sowrnam Nagar: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasukku Road 4th Road

For a 1,000 sq.ft plot at the current rate of Rs 7,150 per sq.ft, the guideline value amounts to Rs 71,50,000. The stamp duty, charged at 7%, would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000. Together, these fees total Rs 6,43,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivasukku Road 4th Road?

The Sivasukku Road 4th Road falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements during the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sivasukku Road 4th Road?

The current guideline value of Sivasukku Road 4th Road is Rs 7,150 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 1,397 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, representing an overall increase of 412%.

Which Sub Registrar Office covers Sivasukku Road 4th Road?

Sivasukku Road 4th Road is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai - 600 035.

What are the stamp duty and registration fees for properties on this road?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 6,43,500, based on the current rate of Rs 7,150 per sq.ft.

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

You can find detailed information about the guideline values for various streets in Thiruvanmiyur by visiting the Chennai South Joint I SRO's official resources or using the provided links for specific streets.