Guideline Value for Siruvallur High Road

Siruvallur High Road guideline value

The current guideline value of Siruvallur High Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This road is located in Siruvallur village and falls under the Sembiam SRO, classified as Commercial Class I Type - II.

How the guideline value of Siruvallur High Road has changed

The guideline value for Siruvallur High Road has seen several revisions over the years. In 2002, the value was Rs 595 per sq.ft, which increased to Rs 654 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 1,200 per sq.ft in 2007, reflecting an 83% increase. Following this, the value surged to Rs 3,600 per sq.ft in 2012, which was a remarkable 200% increase from the previous revision. However, it decreased to Rs 2,412 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the guideline value increased to Rs 3,600 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, an 8% increase from the previous year. Notably, there are no figures available for revisions in years other than those mentioned.

Guideline values in Siruvallur

In Siruvallur village, there are 86 streets under the Sembiam SRO carrying a 2024 guideline value ranging from Rs 1,600 to Rs 6,600 per sq.ft, with a median value of Rs 1,900 per sq.ft. Siruvallur High Road's 2024 figure is above this median.

• Siruvallur Road Beer Shop Lane: Rs 1,900 per sq.ft (2024)
• Sivagami Amman Street: Rs 1,900 per sq.ft (2024)
• Sivagami Street: Rs 2,700 per sq.ft (2024)
• Soma Ramasamy 1st Street: Rs 1,900 per sq.ft (2024)
• Soma Ramasamy 2nd Street: Rs 1,900 per sq.ft (2024)
• Soma Ramasamy Main Road: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Siruvallur High Road

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Siruvallur High Road?

The Sub Registrar Office that covers Siruvallur High Road is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial figure used during the registration of property transactions in Siruvallur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be registered. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Siruvallur High Road?

The current guideline value of Siruvallur High Road is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 595 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 555% over the years.

What is the land classification for Siruvallur High Road?

Siruvallur High Road is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

What are the other streets in Siruvallur with their guideline values?

Other streets in Siruvallur include Siruvallur Road Beer Shop Lane, Sivagami Amman Street, Sivagami Street, Soma Ramasamy 1st Street, Soma Ramasamy 2nd Street, and Soma Ramasamy Main Road, with values ranging from Rs 1,900 to Rs 2,700 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Siruvallur High Road?

The Sub Registrar Office for Siruvallur High Road is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.