Guideline Value for Siruvar ThottaPalli

Siruvar ThottaPalli guideline value

The current guideline value of Siruvar ThottaPalli is Rs 1,700 per sq.ft, effective from 1 July 2024. This village falls under the Neelankarai SRO and is classified as Residential Class IV Type - I.

How the guideline value of Siruvar ThottaPalli has changed

Over the years, the guideline value of Siruvar ThottaPalli has seen significant changes. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% increase. The most recent 2024 revision has further raised the value to Rs 1,700 per sq.ft, reflecting a 13% increase from the previous year.

In total, from the 2017 revision to the 2024 revision, the guideline value has increased by 69%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Siruvar ThottaPalli's 2024 guideline value below this median.

• Sholinganallur Neighbourhood Phase-III: Rs 3,900 per sq.ft (2024)
• S.M.Govindasami Street: Rs 2,200 per sq.ft (2024)
• S.N.Jayaraman Street(Grama Nadunchalai 39th Cross Street): Rs 2,200 per sq.ft (2024)
• Sparkling Garden 1st Street: Rs 4,400 per sq.ft (2024)
• Sparkling Garden 2nd Street: Rs 4,400 per sq.ft (2024)
• Sparkling Sons Avenue: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Siruvar ThottaPalli

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Siruvar ThottaPalli?

The Siruvar ThottaPalli area is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in property transactions in Sholinganallur - 1. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction, ensuring that all parties are informed about the financial obligations involved.

Frequently asked questions

What is the current guideline value of Siruvar ThottaPalli?

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

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, marking a total increase of 69% over this period.

What are the stamp duty and registration fees for a property in Siruvar ThottaPalli?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which Sub Registrar Office serves Siruvar ThottaPalli?

The Neelankarai Sub Registrar Office serves the Siruvar ThottaPalli area, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Siruvar ThottaPalli?

Siruvar ThottaPalli is classified as Residential Class IV Type - I, which indicates its designation for residential use within the area.