Guideline Value for Sidco Veyabara Pakudhi Ist, IInd, IIIrd, IVth Main Road

Sidco Veyabara Pakudhi Ist, IInd, IIIrd, IVth Main Road guideline value

The current guideline value for Sidco Veyabara Pakudhi Ist, IInd, IIIrd, IVth Main Road is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Konnur village and falls under the Konnur SRO. The land classification is Commercial Class I Type - I.

How the guideline value of Sidco Veyabara Pakudhi Ist, IInd, IIIrd, IVth Main Road has changed

The guideline value for Sidco Veyabara Pakudhi Ist, IInd, IIIrd, IVth Main Road has undergone several revisions over the years. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 6,500 per sq.ft in the 2012 revision. However, the value decreased by 33% to Rs 4,355 per sq.ft in the 2017 revision. The 2023 revision saw a significant increase to Rs 6,500 per sq.ft, followed by a further rise of 9% to the current value of Rs 7,100 per sq.ft in 2024.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 373%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO that carry a guideline value for 2024, ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value in Konnur is Rs 3,800 per sq.ft, placing Sidco Veyabara Pakudhi Ist, IInd, IIIrd, IVth Main Road above this median.

• Sidco Nagar Kudiyeruppu Pakudhi: Rs 6,000 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 Veyabara Pakudhi Ist, IInd, IIIrd, IVth Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees together to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sidco Veyabara Pakudhi Ist, IInd, IIIrd, IVth Main Road?

The Sub Registrar Office that covers Sidco Veyabara Pakudhi Ist, IInd, IIIrd, IVth Main Road is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Konnur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is registered, the higher value between the guideline value and the sale price is used to determine the applicable duties and fees. This ensures that the financial obligations are aligned with the property's assessed worth.

Frequently asked questions

What is the current guideline value for Sidco Veyabara Pakudhi Ist, IInd, IIIrd, IVth Main Road?

The current guideline value for Sidco Veyabara Pakudhi Ist, IInd, IIIrd, IVth Main Road is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,500 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 373%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which office handles property registration for this street?

The Konnur Sub Registrar Office handles property registration for Sidco Veyabara Pakudhi Ist, IInd, IIIrd, IVth Main Road, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the median guideline value in Konnur?

The median guideline value in Konnur is Rs 3,800 per sq.ft, with Sidco Veyabara Pakudhi Ist, IInd, IIIrd, IVth Main Road being above this median at Rs 7,100 per sq.ft.