Guideline Value for Sifea Nagar

Sifea Nagar guideline value

The current guideline value of Sifea Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam B village, under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Sifea Nagar has changed

The guideline value for Sifea Nagar has remained consistent at Rs 250 per sq.ft from the 2023 revision to the 2024 revision, indicating no change. Looking back further, the 2017 revision set the value at Rs 167 per sq.ft, marking a 50% increase to the 2023 figure.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Katrampakkam B

In Katrampakkam B, there are 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median of Rs 275 per sq.ft. The guideline value for Sifea Nagar is below this median.

• Selliyamman Koil Street: Rs 300 per sq.ft (2024)
• Sri Bangaru Kamachi Amman Nagar: Rs 250 per sq.ft (2024)
• Sathiya Sai Nagar: Rs 250 per sq.ft (2024)
• Sri Eswara Nagar: Rs 400 per sq.ft (2024)
• Sri Mangadu Kamatchi Nagar: Rs 250 per sq.ft (2024)
• Sri Ragavendra Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sifea Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total fees Rs 22,500. 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 more details.

Which Sub Registrar Office covers Sifea Nagar?

The Sub Registrar Office that covers Sifea Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Katrampakkam B, as it determines the stamp duty and registration fees payable during the transaction. Buyers should be aware that these values are set by the government and can influence the overall cost of property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate applicable 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 Sifea Nagar?

The current guideline value of Sifea Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2023 to 2024, and increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023, representing a 50% increase.

What is the land classification of Sifea Nagar?

Sifea Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sifea Nagar?

The Sub Registrar Office for Sifea Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property in Sifea Nagar?

Stamp duty for property in Sifea Nagar is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 250 per sq.ft incurs a total stamp duty and registration fee of Rs 22,500.