Guideline Value for Sidco Nagar Kudiyeruppu Pakudhi

Sidco Nagar Kudiyeruppu Pakudhi guideline value

The current guideline value of Sidco Nagar Kudiyeruppu Pakudhi is Rs 6,000 per sq.ft, effective from 1 July 2024. This area is located in Konnur village, under the Konnur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sidco Nagar Kudiyeruppu Pakudhi has changed

Over the years, the guideline value for Sidco Nagar Kudiyeruppu Pakudhi has seen significant changes. Starting from the base year of 2002, the guideline value was Rs 549 per sq.ft. This increased to Rs 595 per sq.ft in 2003, marking an 8% rise. The value then surged to Rs 1,500 per sq.ft in 2007, a substantial increase of 152%. In 2012, the value was recorded at Rs 5,500 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2017 revision saw a further increase to Rs 3,685 per sq.ft, a 49% rise from 2012. The value was then set at Rs 5,500 per sq.ft in 2023, before reaching the current guideline value of Rs 6,000 per sq.ft in 2024, which is a 9% increase from the previous year.

There are no figures recorded for the revisions in the years not listed above. The overall change from 2002 to 2024 shows a remarkable increase of 993% in the guideline value.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft, with a median value of Rs 3,800 per sq.ft. The guideline value for Sidco Nagar Kudiyeruppu Pakudhi is above this median.

• Sidco Veyabara Pakudhi Ist, IInd, IIIrd, IVth Main Road: Rs 7,100 per sq.ft (2024)
• Sivan Street: Rs 3,800 per sq.ft (2024)
• Siyallam Street, Near Narayana Mastry Street: Rs 3,800 per sq.ft (2024)
• Sasthiri Nagar 1 to 3 Streets and Street: Rs 5,500 per sq.ft (2024)
• Sannathi Street (Perumal Kovil Sannathi Street): Rs 5,500 per sq.ft (2024)
• Samiyar Thottam: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sidco Nagar Kudiyeruppu Pakudhi

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, while the registration fee at 2% would be Rs 1,20,000. Therefore, the total cost for stamp duty and registration would be Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sidco Nagar Kudiyeruppu Pakudhi?

The Sub Registrar Office that covers Sidco Nagar Kudiyeruppu Pakudhi is located at Konnur Sub Registrar Office, Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Konnur, 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 that are required during the transaction process.

When a property is sold, the buyer must ensure that the sale price is equal to or higher than the guideline value to avoid any legal issues during registration. The registration office will use the guideline value to assess the applicable fees and duties, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sidco Nagar Kudiyeruppu Pakudhi?

The current guideline value of Sidco Nagar Kudiyeruppu Pakudhi is Rs 6,000 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 549 per sq.ft in 2002 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 993% over the years.

What is the registration office for Sidco Nagar Kudiyeruppu Pakudhi?

The registration office for Sidco Nagar Kudiyeruppu Pakudhi is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Sidco Nagar Kudiyeruppu Pakudhi?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 60,00,000, the stamp duty at 7% would be Rs 4,20,000.

What are the other streets in Konnur and their guideline values?

Other streets in Konnur include Sidco Veyabara Pakudhi Ist, IInd, IIIrd, IVth Main Road at Rs 7,100 per sq.ft, Sivan Street and Siyallam Street at Rs 3,800 per sq.ft, and Sasthiri Nagar and Sannathi Street at Rs 5,500 per sq.ft.