Guideline Value for Siggirindapalayam 10th Street

Siggirindapalayam 10th Street guideline value

The current guideline value of Siggirindapalayam 10th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Siggirindapalayam 10th Street has changed

In the 2007 revision, the guideline value was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value decreased to Rs 804 per sq.ft, reflecting a decline of 33%. The value then rose significantly to Rs 1,200 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,300 per sq.ft, an 8% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are a total of 1,384 streets under the Royapuram SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, which means that the 2024 figure for Siggirindapalayam 10th Street is below this median.

• Siggirindapalayam 11th Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 12th Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 1st Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 2nd Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 3rd Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 4th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Siggirindapalayam 10th Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value would be Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Siggirindapalayam 10th Street?

The Siggirindapalayam 10th Street falls under the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum price at which property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the expected value of the property. It is essential for buyers and sellers to be aware of this value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Siggirindapalayam 10th Street?

The current guideline value of Siggirindapalayam 10th Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: from Rs 600 in 2007 to Rs 1,200 in 2012, then down to Rs 804 in 2017, back to Rs 1,200 in 2023, and finally to Rs 1,300 in 2024.

What are the other streets in Tondaiarpet with the same guideline value?

Other streets in Tondaiarpet that share the same guideline value of Rs 1,300 per sq.ft in 2024 include Siggirindapalayam 11th, 12th, 1st, 2nd, 3rd, and 4th Streets.

Where can I find the Sub Registrar Office for Siggirindapalayam 10th Street?

The Sub Registrar Office covering Siggirindapalayam 10th Street is the Royapuram SRO, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in Siggirindapalayam 10th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 13,00,000, the stamp duty at 7% would be Rs 91,000.