Guideline Value for Siva Sakthi Nagar Anexxe

Siva Sakthi Nagar Anexxe guideline value

The current guideline value of Siva Sakthi Nagar Anexxe is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Kolumanivakkam village under the Kunrathur SRO and is classified as Residential Special Type - III.

How the guideline value of Siva Sakthi Nagar Anexxe has changed

Over the years, the guideline value for Siva Sakthi Nagar Anexxe has seen several revisions. The earliest recorded figure is from 2007, with a guideline value of Rs 200 per sq.ft. This increased to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017. The 2023 revision set the value at Rs 800 per sq.ft, which was later raised to Rs 880 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

In terms of percentage changes, the guideline value increased by 300% from 2007 to 2012, then decreased by 33% from 2012 to 2017. Following this, there was a significant increase of 49% from 2017 to 2023, and a further increase of 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,290 per sq.ft, with a median value of Rs 1,350 per sq.ft. The guideline value for Siva Sakthi Nagar Anexxe is below this median.

• Sri Baleeswaran Koil Street: Rs 1,210 per sq.ft (2024)
• Sri Kamachi Nagar: Rs 1,210 per sq.ft (2024)
• Sri Kamatchi Amman Nagar: Rs 1,350 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 1,350 per sq.ft (2024)
• Sri Maruthi Nagar: Rs 880 per sq.ft (2024)
• Srinath Nagar: Rs 1,930 per sq.ft (2024)

Stamp duty and registration fee for property in Siva Sakthi Nagar Anexxe

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. 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 Sakthi Nagar Anexxe?

The Sub Registrar Office that covers Siva Sakthi Nagar Anexxe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolumanivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Siva Sakthi Nagar Anexxe?

The current guideline value of Siva Sakthi Nagar Anexxe is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 200 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, marking an overall increase of 340% over this period.

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

For a plot of 1,000 sq.ft at the current guideline value, the total fees amount to Rs 79,200, which includes stamp duty and registration fees.

Which office handles property registrations in Siva Sakthi Nagar Anexxe?

The Kunrathur Sub Registrar Office handles property registrations for Siva Sakthi Nagar Anexxe, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. The higher value between the guideline and sale price is considered for calculating these fees.