Guideline Value for Siva Nagar

Siva Nagar guideline value

The current guideline value of Siva Nagar, located in Santhavellur village under the Sunguvarchattram SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Siva Nagar has changed

Over the years, the guideline value of Siva Nagar has seen various revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. The value then increased significantly to Rs 300 per sq.ft in both the 2023 and 2024 revisions, resulting in a 49% increase from the 2017 revision to the 2023 revision. Overall, from 2012 to 2024, the guideline value has remained at Rs 300 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Therefore, the changes in guideline value are only reflected in the revisions from 2012, 2017, 2023, and 2024.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO carrying a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for Siva Nagar is below this median.

• Sri Andal Nagar: Rs 305 per sq.ft (2024)
• SelvaVinayagar Kovil Street: Rs 300 per sq.ft (2024)
• Srinivasa Nagar: Rs 305 per sq.ft (2024)
• Samten: Rs 1,000 per sq.ft (2024)
• Sri ramanujar nagar: Rs 600 per sq.ft (2024)
• Sri Saravanabhavan Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Siva Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Siva Nagar?

The Siva Nagar area is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Santhavellur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in real estate transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, which helps in maintaining a standardized valuation across the region.

Frequently asked questions

What is the current guideline value of Siva Nagar?

The current guideline value of Siva Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, notably remaining at Rs 300 per sq.ft in the 2012, 2023, and 2024 revisions, while it dropped to Rs 201 per sq.ft in 2017. The overall change from 2012 to 2024 is +0%.

What are the guideline values of other streets in Santhavellur?

Other streets in Santhavellur have varying guideline values, ranging from Rs 200 to Rs 2,800 per sq.ft. The median value for these streets is Rs 500 per sq.ft.

What are the stamp duty and registration fees for property in Siva Nagar?

For a property valued at Rs 3,00,000, the stamp duty is Rs 21,000, and the registration fee is Rs 6,000, totaling Rs 27,000. These fees are based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Siva Nagar?

The Sunguvarchattram Sub Registrar Office covers Siva Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.