Guideline Value for Sithivinayagar Koil Street

Sithivinayagar Koil Street guideline value

The current guideline value of Sithivinayagar Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - I.

How the guideline value of Sithivinayagar Koil Street has changed

The guideline value for Sithivinayagar Koil Street has seen several revisions over the years. In 2007, the guideline value was Rs 320 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a remarkable increase of 369%. However, this value dropped to Rs 1,005 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, and further increased by 10% to the current rate of Rs 1,650 per sq.ft in 2024.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 416%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Sithivinayagar Koil Street is above this median.

• Sir.C.V Raman Street: Rs 1,100 per sq.ft (2024)
• Sir.C.V Raman Corss Street: Rs 1,100 per sq.ft (2024)
• Sivam Nagar: Rs 1,100 per sq.ft (2024)
• Solan Street: Rs 1,100 per sq.ft (2024)
• South tank Street: Rs 2,200 per sq.ft (2024)
• Seran Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sithivinayagar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. 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 Sithivinayagar Koil Street?

The Sub Registrar Office that covers Sithivinayagar Koil Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the property registration process in Thiruvallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential for buyers to be aware of the guideline value to ensure a fair transaction and to comply with the legal requirements during registration.

Frequently asked questions

What is the current guideline value of Sithivinayagar Koil Street?

The current guideline value of Sithivinayagar Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 320 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 416% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles property registrations for Sithivinayagar Koil Street?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Sithivinayagar Koil Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

What is the median guideline value in Thiruvallur?

The median guideline value in Thiruvallur is Rs 1,100 per sq.ft, with Sithivinayagar Koil Street's value of Rs 1,650 per sq.ft being above this median.