Guideline Value for Siruniam - Angadu Road

Siruniam - Angadu Road guideline value

The current guideline value of Siruniam - Angadu Road is Rs 440 per sq.ft, effective from 1 July 2024. This road is located in Siruniyam village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Siruniam - Angadu Road has changed

The guideline value for Siruniam - Angadu Road has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 300 per sq.ft. This figure increased to Rs 400 per sq.ft in 2012, but then saw a decrease to Rs 268 per sq.ft in 2017. Following this, the value rose significantly to Rs 400 per sq.ft in 2023, and most recently, it has increased to Rs 440 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. The changes from 2012 to 2017 reflect a decrease of 33%, while the increase from 2007 to 2012 was 33%. Overall, from 2007 to 2024, the guideline value has increased by 47%.

Guideline values in Siruniyam

In Siruniyam, there are 32 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value for Siruniam - Angadu Road matches this median figure.

• Sri Balaji Nagar: Rs 825 per sq.ft (2024)
• Sri Gangadevi Nagar: Rs 220 per sq.ft (2024)
• Sri Kanniamman Nagar: Rs 960 per sq.ft (2024)
• Sri Selva Vignesh Nagar: Rs 440 per sq.ft (2024)
• Sri Selva Vignesh Nagar East Avenue: Rs 400 per sq.ft (2024)
• Sri Selva Vignesh Nagar Phase-II: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Siruniam - Angadu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty, charged at 7%, would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Siruniam - Angadu Road?

The Sub Registrar Office that covers Siruniam - Angadu Road is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Siruniyam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This value serves as a benchmark for official transactions and ensures that the government receives appropriate revenue from property sales.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly affect the overall cost of the transaction. Understanding how this value is calculated and revised can help in planning for property purchases or sales effectively.

Frequently asked questions

What is the current guideline value of Siruniam - Angadu Road?

The current guideline value of Siruniam - Angadu Road is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed through several revisions, with the most recent increase from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024. Overall, from 2007 to 2024, the value has increased by 47%.

What are the stamp duty and registration fees for property in Siruniam - Angadu Road?

For a 1,000 sq.ft plot, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600. These fees are based on the guideline value of Rs 4,40,000.

Which Sub Registrar Office covers Siruniam - Angadu Road?

The Redhills Sub Registrar Office covers Siruniam - Angadu Road, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Siruniam - Angadu Road?

Siruniam - Angadu Road is classified as Residential Class I Type - I, indicating its suitability for residential development.