Guideline Value for SIVASUNDAR AVENUE

Sivasundar Avenue guideline value

The current guideline value of Sivasundar Avenue is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Special Type - II.

How the guideline value of Sivasundar Avenue has changed

The guideline value of Sivasundar Avenue has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 11,000 per sq.ft, an increase of 10% from the 2023 revision of Rs 10,000 per sq.ft. Prior to that, in 2017, the value was Rs 6,700 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision had set the value at Rs 10,000 per sq.ft, indicating a decrease of 33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register does not contain figures for the years 2002, 2003, and 2007 for this street. Thus, the first recorded value for Sivasundar Avenue was in 2012 at Rs 10,000 per sq.ft.

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. The median value for these streets is Rs 9,900 per sq.ft, placing Sivasundar Avenue's 2024 figure above this median.

• Sivasukku Road 4th Road: Rs 7,150 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 Sivasundar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total fees together to Rs 9,90,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Sivasundar Avenue?

The Sub Registrar Office covering Sivasundar Avenue is 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 is a crucial factor in the registration process of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to accurately calculate the associated costs.

Frequently asked questions

What is the current guideline value of Sivasundar Avenue?

The current guideline value of Sivasundar Avenue is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2023 to Rs 11,000 per sq.ft in 2024, a 10% increase. It was Rs 6,700 per sq.ft in 2017 and Rs 10,000 per sq.ft in 2012, showing various fluctuations over the years.

What are the stamp duty and registration fees for property in Sivasundar Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,10,00,000. The stamp duty would be Rs 7,70,000 at 7%, and the registration fee would be Rs 2,20,000 at 2%, totaling Rs 9,90,000.

Which office handles registrations for Sivasundar Avenue?

The Chennai South Joint I Sub Registrar Office handles registrations for Sivasundar Avenue, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification of Sivasundar Avenue?

Sivasundar Avenue is classified as Residential Special Type - II, indicating its designated use for residential purposes.