Guideline Value for SRI SIVA SAKTHI NAGAR

Sri Siva Sakthi Nagar guideline value

The current guideline value of Sri Siva Sakthi Nagar, located in Bavasageeppettai village under the Walajabad SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Siva Sakthi Nagar has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This figure remained unchanged until the 2017 revision, which decreased to Rs 134 per sq.ft, marking a decline of 33%. The value then increased significantly in the following revisions, rising to Rs 200 per sq.ft in both the 2023 and 2024 revisions, resulting in a 49% increase from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained at Rs 200 per sq.ft.

The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Bavasageeppettai

In Bavasageeppettai, three streets under the Walajabad SRO have a guideline value of Rs 200 per sq.ft for 2024, with the median also being Rs 200 per sq.ft. Sri Siva Sakthi Nagar's 2024 figure is equal to this median.

• Sai Nagar: Rs 200 per sq.ft (2024)
• ஐஸ்வர்யம் நகர்: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Siva Sakthi Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 Sri Siva Sakthi Nagar?

The Sub Registrar Office that covers Sri Siva Sakthi Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Bavasageeppettai. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer purchases property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process is conducted according to the established regulations.

Frequently asked questions

What is the current guideline value of Sri Siva Sakthi Nagar?

The current guideline value of Sri Siva Sakthi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has fluctuated, with a decrease to Rs 134 per sq.ft in 2017 and then returning to Rs 200 per sq.ft in both 2023 and 2024.

What are the stamp duty rates for property in Sri Siva Sakthi Nagar?

The stamp duty rate for property transactions in Sri Siva Sakthi Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for property in Sri Siva Sakthi Nagar?

The Walajabad Sub Registrar Office handles registrations for properties in Sri Siva Sakthi Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the land classification of Sri Siva Sakthi Nagar?

Sri Siva Sakthi Nagar is classified as Residential Class I Type - I, indicating its designation for residential use.