Guideline Value for Sai Vallalar Sivasankaran Nagar

Sai Vallalar Sivasankaran Nagar guideline value

The current guideline value of Sai Vallalar Sivasankaran Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Kolumanivakkam village and falls under the Kunrathur SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Sai Vallalar Sivasankaran Nagar has changed

In the 2017 revision, the guideline value was Rs 1,000 per sq.ft. This increased to Rs 1,493 per sq.ft in the 2023 revision, marking a change of 49%. The latest revision in 2024 sees the value rise to Rs 1,650 per sq.ft, which is an increase of 11% from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 65%. This significant rise reflects the changing landscape of property values in the area.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,290 per sq.ft. The median guideline value for the village is Rs 1,350 per sq.ft, placing Sai Vallalar Sivasankaran Nagar's 2024 figure above this median.

• Sai Nagammal Avenue: Rs 2,200 per sq.ft (2024)
• Sai Mahalakshmi Nagar: Rs 1,350 per sq.ft (2024)
• Sathya Nagar: Rs 1,350 per sq.ft (2024)
• Selvam Avenue: Rs 2,200 per sq.ft (2024)
• Ramadoss Nagar: Rs 880 per sq.ft (2024)
• Rajiv Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Vallalar Sivasankaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty, calculated at 7%, would be Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 further calculations.

Which Sub Registrar Office covers Sai Vallalar Sivasankaran Nagar?

The Sai Vallalar Sivasankaran Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Kolumanivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two 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 Sai Vallalar Sivasankaran Nagar?

The current guideline value of Sai Vallalar Sivasankaran Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,000 per sq.ft to Rs 1,650 per sq.ft in 2024. This reflects a 65% increase over the seven-year period.

What are the stamp duty rates for property transactions in this area?

The stamp duty for property transactions in Sai Vallalar Sivasankaran Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sai Vallalar Sivasankaran Nagar?

The Kunrathur Sub Registrar Office covers Sai Vallalar Sivasankaran Nagar and is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value for streets in Kolumanivakkam?

The median guideline value for streets in Kolumanivakkam is Rs 1,350 per sq.ft, with Sai Vallalar Sivasankaran Nagar's 2024 figure being above this median.