Guideline Value for SivaVishnu Nagar 1st Street

SivaVishnu Nagar 1st Street guideline value

The current guideline value for SivaVishnu Nagar 1st Street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, and it falls under the Mixed Special Type - II land classification.

How the guideline value of SivaVishnu Nagar 1st Street has changed

The guideline value for SivaVishnu Nagar 1st Street has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 1,273 per sq.ft, which increased to Rs 1,900 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the value at Rs 2,090 per sq.ft, marking a 10% increase from the previous year. The overall change from 2017 to 2024 reflects a significant increase of 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. However, it is clear that the guideline value has been on an upward trajectory since the 2017 revision.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value. These values range from Rs 660 to Rs 5,130 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value for SivaVishnu Nagar 1st Street is above this median, indicating a higher valuation compared to many other streets in the area.

• SivaVishnu Nagar 2nd Street: Rs 2,090 per sq.ft (2024)
• SivaVishnu Nagar 3rd Street: Rs 2,090 per sq.ft (2024)
• Sivam Nagar: Rs 3,910 per sq.ft (2024)
• Sivalingam Nagar: Rs 2,420 per sq.ft (2024)
• South Street: Rs 2,090 per sq.ft (2024)
• Sri Arunachaleshwarar Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in SivaVishnu Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, leading to a total of Rs 1,88,100. 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 SivaVishnu Nagar 1st Street?

The SivaVishnu Nagar 1st Street falls under the jurisdiction of 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 Kunrathour-B

When buying or selling property in Kunrathour-B, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is used as a reference point for calculating these costs, ensuring that the transaction is in line with government regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly affect the overall cost of the transaction. The registration office will use this value to assess the fees applicable during the registration process.

Frequently asked questions

What is the current guideline value for SivaVishnu Nagar 1st Street?

The current guideline value for SivaVishnu Nagar 1st Street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,273 per sq.ft in 2017 to Rs 2,090 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for SivaVishnu Nagar 1st Street?

SivaVishnu Nagar 1st Street is classified as Mixed Special Type - II under the land classification system.

Where can I find the registration office for SivaVishnu Nagar 1st Street?

The registration office for SivaVishnu Nagar 1st Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in SivaVishnu Nagar 1st Street?

Stamp duty for properties in SivaVishnu Nagar 1st Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies to the guideline value.