Guideline Value for Sivagami Nagar Anna Street & Extn

Sivagami Nagar Anna Street & Extn guideline value

The current guideline value of Sivagami Nagar Anna Street & Extn is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Gowrivakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Sivagami Nagar Anna Street & Extn has changed

The guideline value for Sivagami Nagar Anna Street & Extn has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. The 2023 revision increased it to Rs 1,500 per sq.ft, and the most recent 2024 revision has set the guideline value at Rs 1,600 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 reflects a modest increase of 7%.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 840 to Rs 3,750 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Sivagami Nagar Anna Street & Extn is below this median.

• Sivagami Nagar 2nd Street: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar Bharathiyar Street: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar 2nd Cross Street: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar 1st Street: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar E.V.R Street: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar 1st Cross Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Nagar Anna Street & Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, resulting in a total of Rs 1,44,000. 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 Sivagami Nagar Anna Street & Extn?

The Sivagami Nagar Anna Street & Extn is covered by 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 Gowrivakkam

The guideline value is a crucial factor in property transactions in Gowrivakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Additionally, the guideline value serves as a benchmark for the minimum price at which a property can be registered. This ensures transparency in property transactions and helps prevent undervaluation.

Frequently asked questions

What is the current guideline value of Sivagami Nagar Anna Street & Extn?

The current guideline value of Sivagami Nagar Anna Street & Extn is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, marking a 7% increase. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification for Sivagami Nagar Anna Street & Extn?

The land classification for Sivagami Nagar Anna Street & Extn is Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 1,44,000 in fees based on the current guideline value.

Which Sub Registrar Office handles registrations for this area?

The Selaiyur Sub Registrar Office handles registrations for Sivagami Nagar Anna Street & Extn, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.