Guideline Value for Silamboli Nagar

Silamboli Nagar guideline value

The current guideline value of Silamboli Nagar, located in Kayirambedu village, is Rs 700 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - II land classification. The area is governed by the Chengleput Joint II SRO.

How the guideline value of Silamboli Nagar has changed

Over the years, the guideline value of Silamboli Nagar has undergone several revisions. The earliest registered figure is from 2007, which was Rs 215 per sq.ft. This value saw significant growth, reaching Rs 700 per sq.ft in 2012, marking an increase of 226%. However, between 2012 and 2017, the value decreased by 33% to Rs 469 per sq.ft. The subsequent revision in 2023 maintained the value at Rs 700 per sq.ft, with no change from the previous year. The latest revision in 2024 also holds the guideline value at Rs 700 per sq.ft, resulting in a 0% change from 2023.

In summary, from 2007 to 2024, the overall increase in the guideline value is 226%. There are no registered figures for the years 2002 and 2003 for this street.

Guideline values in Kayirambedu

In Kayirambedu village, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is equal to the current guideline value of Silamboli Nagar.

• Sis Quears Town: Rs 1,001 per sq.ft (2024)
• Siva Venkatapuram: Rs 700 per sq.ft (2024)
• Sks Ganesa Garden: Rs 2,986 per sq.ft (2024)
• Sks Kathirvelan Garden: Rs 2,389 per sq.ft (2024)
• S.K.S. Star Light Avenue: Rs 1,045 per sq.ft (2024)
• S Na Garden: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Silamboli Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. 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 Silamboli Nagar?

The Sub Registrar Office that covers Silamboli Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kayirambedu. It serves as the minimum value for registration purposes, ensuring that the property is not undervalued during the transaction. Buyers and sellers must consider this value to comply with legal requirements and avoid penalties.

When registering a property, the guideline value determines the stamp duty and registration fees payable. This ensures that the transaction is documented accurately and reflects the property's value as per government regulations.

Frequently asked questions

What is the current guideline value of Silamboli Nagar?

The current guideline value of Silamboli Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most significant increase from Rs 215 per sq.ft in 2007 to Rs 700 per sq.ft in 2012. The value remained at Rs 700 per sq.ft from 2012 to 2017, then increased again to Rs 700 per sq.ft in 2023 and 2024.

What are the other streets in Kayirambedu and their guideline values?

Other streets in Kayirambedu include Sis Quears Town at Rs 1,001 per sq.ft, Siva Venkatapuram at Rs 700 per sq.ft, and Sks Ganesa Garden at Rs 2,986 per sq.ft, among others.

What is the stamp duty for property in Silamboli Nagar?

The stamp duty for property in Silamboli Nagar is 7% of the guideline value. For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000.

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

The Sub Registrar Office for Silamboli Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles all registration processes for the area.