Guideline Value for Siva Sankaran mudaly salai

Siva Sankaran mudaly salai guideline value

The current guideline value of Siva Sankaran mudaly salai is Rs 8,300 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of Siva Sankaran mudaly salai has changed

The guideline value of Siva Sankaran mudaly salai has seen significant changes over the years. In the 2007 revision, the value was Rs 2,000 per sq.ft, which increased substantially to Rs 7,600 per sq.ft in 2012, marking a 280% increase. However, it then decreased to Rs 5,092 per sq.ft in the 2017 revision, a decline of 33%. The value rose again to Rs 7,600 per sq.ft in 2023, and finally, it reached Rs 8,300 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 315%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value is Rs 7,100 per sq.ft, making the current value of Siva Sankaran mudaly salai above this median.

• Siyali Mudali Stret: Rs 7,100 per sq.ft (2024)
• Slum Clearance Board (tenement): Rs 2,800 per sq.ft (2024)
• Sivan Koil street: Rs 7,100 per sq.ft (2024)
• Soorammal Lane: Rs 7,100 per sq.ft (2024)
• Soorammal Street: Rs 7,100 per sq.ft (2024)
• South Coovam Salai: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Siva Sankaran mudaly salai

For a 1,000 sq.ft plot at the current guideline value of Rs 8,300 per sq.ft, the total guideline value would be Rs 83,00,000. The stamp duty at 7% would be Rs 5,81,000, and the registration fee at 2% would be Rs 1,66,000, making the total Rs 7,47,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Siva Sankaran mudaly salai?

The Siva Sankaran mudaly salai is covered by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Egmore. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the higher of the guideline value or the sale price is considered for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Siva Sankaran mudaly salai?

The current guideline value of Siva Sankaran mudaly salai is Rs 8,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,000 per sq.ft in 2007 to Rs 8,300 per sq.ft in 2024, with various revisions in between showing increases and one decrease.

What is the stamp duty for properties in Siva Sankaran mudaly salai?

The stamp duty for properties in Siva Sankaran mudaly salai is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Siva Sankaran mudaly salai?

The Sub Registrar Office covering Siva Sankaran mudaly salai is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value in Egmore?

The median guideline value in Egmore is Rs 7,100 per sq.ft, with Siva Sankaran mudaly salai's current value being above this median.