Guideline Value for Siva Sakthi Nagar Annexe

Siva Sakthi Nagar Annexe guideline value

The current guideline value of Siva Sakthi Nagar Annexe is Rs 550 per sq.ft. It is located in Vijayanallur village, under the Redhills SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Siva Sakthi Nagar Annexe has changed

The guideline value register for Siva Sakthi Nagar Annexe has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which is set at Rs 550 per sq.ft.

As there are no figures for previous years, it can be noted that the current guideline value of Rs 550 per sq.ft from the 2024 revision remains unchanged from the previous years, as no figures are available for them.

Guideline values in Vijayanallur

In Vijayanallur, there are 19 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 540 per sq.ft. Siva Sakthi Nagar Annexe's 2024 figure of Rs 550 per sq.ft is above this median.

• S.K. Nagar: Rs 440 per sq.ft (2024)
• Sivasakthi Nagar: Rs 550 per sq.ft (2024)
• Sri Sai Garden: Rs 440 per sq.ft (2024)
• Tata Nagar: Rs 550 per sq.ft (2024)
• Tata Nagar Extn.: Rs 550 per sq.ft (2024)
• Vardhaman Nagar Extension: Rs 440 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Siva Sakthi Nagar Annexe?

The Sub Registrar Office that covers Siva Sakthi Nagar Annexe is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Vijayanallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

Buyers and sellers must be aware that the guideline value is used to calculate the applicable duties, which are charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Siva Sakthi Nagar Annexe is Rs 550 per sq.ft, effective from the 2024 revision.

What is the land classification for Siva Sakthi Nagar Annexe?

The land classification for Siva Sakthi Nagar Annexe is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Siva Sakthi Nagar Annexe?

The Sub Registrar Office for Siva Sakthi Nagar Annexe is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Siva Sakthi Nagar Annexe?

Stamp duty for properties in Siva Sakthi Nagar Annexe is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 550 per sq.ft, the stamp duty would be Rs 38,500.

What are the guideline values of other streets in Vijayanallur?

Other streets in Vijayanallur have varying guideline values. For instance, S.K. Nagar and Sri Sai Garden have a guideline value of Rs 440 per sq.ft, while Tata Nagar and Tata Nagar Extn. are valued at Rs 550 per sq.ft.