Guideline Value for Siggirindapalayam 6th Street

Siggirindapalayam 6th Street guideline value

The current guideline value of Siggirindapalayam 6th 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 6th Street has changed

Over the years, the guideline value of Siggirindapalayam 6th Street has seen several revisions. The earliest recorded revision was in 2007, with a value of Rs 600 per sq.ft. This increased to Rs 804 per sq.ft in 2017, marking a 34% rise. The value then rose significantly to Rs 1,200 per sq.ft in 2023, which represented a 49% increase from the previous revision. The latest revision in 2024 has set the guideline value at Rs 1,300 per sq.ft, reflecting an 8% increase from 2023. The register has no figures for the years 2002, 2003, and 2012 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 117%. This consistent rise indicates a gradual increase in the valuation of properties in this area over the years.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 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 value for these streets is Rs 1,600 per sq.ft, placing Siggirindapalayam 6th Street's 2024 figure below that median.

• Siggirindapalayam 5th Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 7th Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 4th Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 8th Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 3rd Street: Rs 1,300 per sq.ft (2024)
• Siggirindapalayam 9th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Siggirindapalayam 6th Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, 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 further assistance.

Which Sub Registrar Office covers Siggirindapalayam 6th Street?

The Sub Registrar Office that covers Siggirindapalayam 6th 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 plays a crucial role in the registration process of property transactions in Tondaiarpet. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on the official valuation.

It is essential for buyers and sellers to be aware of the current guideline values, as these figures can significantly impact the overall costs associated with property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Siggirindapalayam 6th Street?

The current guideline value of Siggirindapalayam 6th 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 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, showing an overall increase of 117% over the years.

Are there any years without a recorded guideline value for this street?

Yes, the register has no figures for the years 2002, 2003, and 2012 for Siggirindapalayam 6th Street.

What are the stamp duty and registration fees for a property here?

For a property valued at 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.

Where is the Sub Registrar Office for Siggirindapalayam 6th Street located?

The Sub Registrar Office for Siggirindapalayam 6th Street is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.