Guideline Value for Sivagami 1st Street,Periyar Nagar,

Sivagami 1st Street,Periyar Nagar, guideline value

The current guideline value of Sivagami 1st Street, Periyar Nagar, is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Sivagami 1st Street,Periyar Nagar, has changed

The guideline value for Sivagami 1st Street, Periyar Nagar, has seen significant changes over the years. The 2017 revision set the value at Rs 2,345 per sq.ft. Following this, the 2024 revision increased the guideline value to Rs 3,850 per sq.ft, reflecting a change of 64% from the 2017 figure.

There are no figures available for the revisions in the years 2023, 2012, 2007, 2003, and 2002 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing Sivagami 1st Street, Periyar Nagar, above this median.

• Sivagami Nagar: Rs 3,850 per sq.ft (2024)
• Sivamurugan Avenue: Rs 1,650 per sq.ft (2024)
• Singaradasar Street: Rs 1,650 per sq.ft (2024)
• Sigamani Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Sigamani Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Sigamani Nagar 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami 1st Street,Periyar Nagar,

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivagami 1st Street,Periyar Nagar,?

The Sub Registrar Office that covers Sivagami 1st Street, Periyar Nagar, is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madipakkam-1

When buying or selling property in Madipakkam-1, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is recorded accurately.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. Understanding these values can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Sivagami 1st Street, Periyar Nagar?

The current guideline value of Sivagami 1st Street, Periyar Nagar, is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,345 per sq.ft to Rs 3,850 per sq.ft, representing a change of 64%.

Are there any years without a guideline value for this street?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Sivagami 1st Street, Periyar Nagar.

What is the registration office for Sivagami 1st Street, Periyar Nagar?

The registration office for Sivagami 1st Street, Periyar Nagar, is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees can amount to Rs 3,46,500.