Guideline Value for Siva Nagar

Siva Nagar guideline value

The current guideline value of Siva Nagar, located in Santhavellur_C 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

In the 2017 revision, the guideline value for Siva Nagar was Rs 201 per sq.ft. This figure increased to Rs 300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current 2024 revision maintains the same value of Rs 300 per sq.ft, indicating no change from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value in this village is Rs 350 per sq.ft, which means that Siva Nagar's current 2024 figure is below that median.

• Sri Andal Nagar: Rs 300 per sq.ft (2024)
• SelvaVinayagar Kovil Street: Rs 300 per sq.ft (2024)
• Srinivasa Nagar: Rs 300 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 would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total cost for these fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Siva Nagar?

Siva Nagar falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

To find more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Santhavellur_C. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is in line with government regulations. This helps in maintaining transparency in property transactions and ensures that the appropriate taxes are collected.

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 of Siva Nagar increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, with no change in the 2024 revision. Overall, there has been a 49% increase from 2017 to 2024.

What is the median guideline value in Santhavellur_C?

The median guideline value in Santhavellur_C is Rs 350 per sq.ft. Siva Nagar's current guideline value is below this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 27,000. This includes a stamp duty of Rs 21,000 and a registration fee of Rs 6,000.

Which Sub Registrar Office covers Siva Nagar?

Siva Nagar is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.