Guideline Value for Sivagami Nagar E.V.R Street

Sivagami Nagar E.V.R Street guideline value

The current guideline value of Sivagami Nagar E.V.R Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Gowrivakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Sivagami Nagar E.V.R Street has changed

In the 2007 revision, the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a 150% rise. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, which was a decline of 33%. The guideline value then saw a substantial increase to Rs 1,500 per sq.ft in the 2023 revision, followed by another rise to the current value of Rs 1,600 per sq.ft in the 2024 revision, reflecting a 7% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 167%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 840 to Rs 3,750 per sq.ft, where the median value is Rs 2,200 per sq.ft. The guideline value of Rs 1,600 per sq.ft for Sivagami Nagar E.V.R Street is below this median.

• Sivagami Nagar Gandhi Street & Extn: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar Bharathiyar Street: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar Kamarajar Street: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar Anna Street & Extn: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar Main Road: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar 2nd Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Nagar E.V.R Street

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, bringing the total to Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivagami Nagar E.V.R Street?

The Sub Registrar Office that covers Sivagami Nagar E.V.R 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Gowrivakkam. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing a property. This ensures that the transaction is recorded accurately and legally in the government records.

When selling a property, the guideline value helps in setting a baseline for negotiations between buyers and sellers. It provides a reference point that both parties can consider when discussing the sale price, ensuring transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Sivagami Nagar E.V.R Street?

The current guideline value of Sivagami Nagar E.V.R Street 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 seen several revisions, starting from Rs 600 per sq.ft in 2007, which rose to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, increased to Rs 1,500 per sq.ft in 2023, and finally reached Rs 1,600 per sq.ft in 2024.

What are the other streets in Gowrivakkam with the same guideline value?

Other streets in Gowrivakkam with the same guideline value of Rs 1,600 per sq.ft include Sivagami Nagar Gandhi Street & Extn, Sivagami Nagar Bharathiyar Street, Sivagami Nagar Kamarajar Street, Sivagami Nagar Anna Street & Extn, Sivagami Nagar Main Road, and Sivagami Nagar 2nd Street.

What is the registration fee for property in Sivagami Nagar E.V.R Street?

The registration fee for property in Sivagami Nagar E.V.R Street is calculated at 2% of the guideline value. For a property valued at Rs 16,00,000, the registration fee would be Rs 32,000.

Where is the Sub Registrar Office for Sivagami Nagar E.V.R Street located?

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