Guideline Value for Siva Vishnu Nagar

Siva Vishnu Nagar guideline value

The current guideline value of Siva Vishnu Nagar, located in Mannoor village under the Sriperumpudur SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Siva Vishnu Nagar has changed

The guideline value for Siva Vishnu Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 130 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 500 per sq.ft, indicating no change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 285%. The register does not have figures for the revisions in 2002 and 2003 for this street.

Guideline values in Mannoor

Mannoor village has a total of 56 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Siva Vishnu Nagar's 2024 value above this median.

• Sithi Vinayagar Nagar: Rs 250 per sq.ft (2024)
• Showbagya co-op Nagar: Rs 600 per sq.ft (2024)
• Sri Astalaxmi Nagar: Rs 300 per sq.ft (2024)
• Sri Devi Nagar: Rs 250 per sq.ft (2024)
• Sanjeevi Nagar: Rs 200 per sq.ft (2024)
• Ram Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Siva Vishnu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Siva Vishnu Nagar?

The Sub Registrar Office that covers Siva Vishnu Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Mannoor, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property transactions.

The guideline value is used by the registration office to assess the property’s worth for taxation purposes. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Siva Vishnu Nagar?

The current guideline value of Siva Vishnu Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions in 2023 and 2024 maintaining the value at Rs 500 per sq.ft. The value increased from Rs 130 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017.

What is the land classification of Siva Vishnu Nagar?

Siva Vishnu Nagar is classified as Residential Special Type - II. This classification is important for understanding the zoning and usage of the land.

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

For a 1,000 sq.ft plot at the guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles the registration for Siva Vishnu Nagar?

The registration for Siva Vishnu Nagar is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.