Guideline Value for Sivagami Ammal Street

Sivagami Ammal Street guideline value

The current guideline value of Sivagami Ammal Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur SRO, classified as Residential Class IV Type - II.

How the guideline value of Sivagami Ammal Street has changed

The guideline value for Sivagami Ammal Street has seen several revisions over the years. The 2007 revision set the value at Rs 450 per sq.ft, which increased to Rs 900 per sq.ft in 2012, marking a 100% rise. However, the value dropped to Rs 603 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 brought the value back up to Rs 900 per sq.ft, and the most recent revision in 2024 has set it at Rs 950 per sq.ft, reflecting a 6% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 111%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Sivagami Ammal Street is below this median.

• Sivagnanam Street: Rs 1,100 per sq.ft (2024)
• Sivan Street: Rs 1,400 per sq.ft (2024)
• Sheshapa Nagar: Rs 950 per sq.ft (2024)
• Soloman Street: Rs 2,400 per sq.ft (2024)
• Soloman Street 1st Lane: Rs 2,400 per sq.ft (2024)
• Soloman Street 1st Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Ammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total to Rs 85,500. It is important to note that 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 Sivagami Ammal Street?

The Sub Registrar Office that covers Sivagami Ammal Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs for completing the sale. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Sivagami Ammal Street?

The current guideline value of Sivagami Ammal Street is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, reflecting an overall increase of 111% over this period.

What is the classification of Sivagami Ammal Street?

Sivagami Ammal Street is classified as Residential Class IV Type - II under the Selaiyur SRO.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Sivagami Ammal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500 at the rate of 7%.