Guideline Value for Siggirindapalayam 12th Street

Siggirindapalayam 12th Street guideline value

The current guideline value of Siggirindapalayam 12th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Siggirindapalayam 12th Street has changed

The guideline value for Siggirindapalayam 12th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in 2023, and finally, it rose to Rs 1,300 per sq.ft in the 2024 revision, marking an overall increase of 8% from 2012 to 2024.

From 2017 to 2023, there was a significant increase of 49%. The change from 2012 to 2017 saw a decrease of 33%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, and 2007 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO carrying a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. Siggirindapalayam 12th Street's 2024 figure is below this median.

• Siggirindapalayam 11th Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 1st Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 10th 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 12th Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to 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, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Siggirindapalayam 12th Street?

The Sub Registrar Office that covers Siggirindapalayam 12th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps in assessing the official value of the property for tax purposes. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Siggirindapalayam 12th Street?

The current guideline value of Siggirindapalayam 12th 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 changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification of Siggirindapalayam 12th Street?

Siggirindapalayam 12th Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties here?

For a 1,000 sq.ft property, the total stamp duty and registration fees would amount to Rs 1,17,000, based on the current guideline value of Rs 13,00,000.

Which office handles registrations for this street?

The Royapuram Sub Registrar Office handles registrations for Siggirindapalayam 12th Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.