Guideline Value for SOUTH SIVAN KOIL STREET

South Sivan Koil Street guideline value

The current guideline value of South Sivan Koil Street is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO, classified as Residential Special Type - III.

How the guideline value of South Sivan Koil Street has changed

The guideline value for South Sivan Koil Street has undergone several revisions since 2002. The 2002 revision set the guideline value at Rs 923 per sq.ft, which increased to Rs 1,014 per sq.ft in 2003, marking a change of +10%. The value then rose significantly to Rs 1,300 per sq.ft in 2007, reflecting a +28% increase. The 2012 revision maintained the value at Rs 5,800 per sq.ft, representing a substantial increase of +346% from the previous revision. In 2023, the value remained at Rs 5,800 per sq.ft, and in 2024, it was revised to Rs 6,300 per sq.ft, showing a change of +9%.

It is important to note that the register has no figure for this street in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by +583%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, and South Sivan Koil Street's 2024 figure of Rs 6,300 per sq.ft is above this median.

• South Mada Street: Rs 5,300 per sq.ft (2024)
• Sowrashtra Nagar 10th Street: Rs 7,100 per sq.ft (2024)
• Sowrashtra Nagar 1st Street: Rs 8,800 per sq.ft (2024)
• Sowrashtra Nagar 2nd Street: Rs 7,100 per sq.ft (2024)
• Sowrashtra Nagar 3rd Street: Rs 7,100 per sq.ft (2024)
• Sowrashtra Nagar 4th Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in South Sivan Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would amount to Rs 4,41,000, while the registration fee at 2% would be Rs 1,26,000. Together, the total cost for these fees would be Rs 5,67,000. Note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers South Sivan Koil Street?

The Sub Registrar Office that covers South Sivan Koil Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial aspect when buying or selling property in Puliyur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When you approach the registration office, the guideline value will be compared to the sale price of the property. The higher of the two will be used to calculate the applicable duties and fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of South Sivan Koil Street?

The current guideline value of South Sivan Koil Street is Rs 6,300 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 923 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, marking an overall increase of +583%.

What is the land classification for South Sivan Koil Street?

South Sivan Koil Street is classified as Residential Special Type - III under the Kodambakkam SRO.

What are the stamp duty rates applicable in Puliyur?

The stamp duty rate for properties in Puliyur is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for South Sivan Koil Street?

The Kodambakkam Sub Registrar Office covers South Sivan Koil Street and is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.