Guideline Value for Sivagami Ammmal Street

Sivagami Ammmal Street guideline value

The current guideline value of Sivagami Ammmal Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sivagami Ammmal Street has changed

Looking at the historical revisions, the guideline value for Sivagami Ammmal Street was Rs 1,600 per sq.ft in 2023, which saw an increase to Rs 1,700 per sq.ft in 2024, marking a change of +6%. Prior to this, in 2017, the guideline value was Rs 1,072 per sq.ft, indicating a significant increase of +49% to reach the 2023 figure. The 2012 revision also recorded a value of Rs 1,600 per sq.ft, which was a decrease of -33% from the 2017 figure. The register has no figures for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has seen a modest increase of +6%. The current value of Rs 1,700 per sq.ft is notably higher than the previous revisions, reflecting the changes in the local real estate landscape.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing Sivagami Ammmal Street above this median.

• Shobana Nagar: Rs 1,003 per sq.ft (2024)
• Shobana Avenue Extn.: Rs 1,003 per sq.ft (2024)
• Sounder Street: Rs 1,700 per sq.ft (2024)
• Sowcar Street: Rs 1,700 per sq.ft (2024)
• Senguttuvan Street: Rs 1,001 per sq.ft (2024)
• Senguttuvan Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Ammmal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivagami Ammmal Street?

The Sub Registrar Office that covers Sivagami Ammmal Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more assistance.

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

The guideline value plays a crucial role during the registration process of property transactions in Menambedu. When a property is bought or sold, this value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to be informed about the current guideline value, as it reflects the official valuation set by the Registration Department. This value is used to calculate the fees that must be paid, which can significantly impact the overall cost of purchasing or selling property in the area.

Frequently asked questions

What is the current guideline value of Sivagami Ammmal Street?

The current guideline value of Sivagami Ammmal Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024, an increase of +6%. It was Rs 1,072 per sq.ft in 2017 and Rs 1,600 per sq.ft in 2012, showing various changes over the years.

What is the land classification for Sivagami Ammmal Street?

The land classification for Sivagami Ammmal Street is Residential Special Type - I. This classification indicates the intended use of the land in this area.

What are the stamp duty and registration fees for property in Sivagami Ammmal Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 17,00,000. The stamp duty would be Rs 1,19,000, and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. This office handles registration for properties in the area.