Guideline Value for Siggirindapalayam 3rd Street

Siggirindapalayam 3rd Street guideline value

The current guideline value of Siggirindapalayam 3rd 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 3rd Street has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure then decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value significantly increased to Rs 1,200 per sq.ft in the 2023 revision, and then to Rs 1,300 per sq.ft in the 2024 revision, reflecting an increase of 8% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry 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. The guideline value of Siggirindapalayam 3rd Street is below this median.

• Siggirindapalayam 2nd Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 4th Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 1st Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 5th Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 12th Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 6th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Siggirindapalayam 3rd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 13,00,000. The stamp duty at 7% amounts to Rs 91,000, and the registration fee at 2% is Rs 26,000, totaling Rs 1,17,000. The duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Siggirindapalayam 3rd Street?

The Siggirindapalayam 3rd Street is covered by 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 an essential factor during the registration process of property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value serves as a benchmark for calculating the fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Siggirindapalayam 3rd Street?

The current guideline value of Siggirindapalayam 3rd 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 3rd Street?

Siggirindapalayam 3rd Street is classified as Residential Class II Type - I.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 1,17,000.

Which office handles registrations for Siggirindapalayam 3rd Street?

The Royapuram Sub Registrar Office handles registrations for Siggirindapalayam 3rd Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.