Guideline Value for Sivagami Nagar Thiruvalluvar Street & Extn

Sivagami Nagar Thiruvalluvar Street & Extn guideline value

The current guideline value of Sivagami Nagar Thiruvalluvar Street & Extn 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 Thiruvalluvar Street & Extn has changed

The guideline value for Sivagami Nagar Thiruvalluvar Street & Extn has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a 33% decrease from the 2017 revision of Rs 1,005 per sq.ft. The next revision in 2023 raised the value to Rs 1,500 per sq.ft, followed by the latest revision in 2024, which increased it to Rs 1,600 per sq.ft, marking a 7% rise from the previous year.

In summary, the guideline value has changed from Rs 1,500 in 2012 to Rs 1,600 in 2024, resulting in an overall increase of 7%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO that carry 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 of Rs 1,600 per sq.ft for Sivagami Nagar Thiruvalluvar Street & Extn is below this median.

• Sivagami Nagar Pirathana salai: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar Main Road: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar Kamarajar Street: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar Gandhi Street & Extn: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar E.V.R Street: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar Bharathiyar Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Nagar Thiruvalluvar 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 amounts to Rs 16,00,000. The stamp duty at 7% would be 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 Thiruvalluvar Street & Extn?

The Sivagami Nagar Thiruvalluvar Street & Extn falls under 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 during property registration in Gowrivakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the value of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher, ensuring a fair process during property transactions.

Frequently asked questions

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

The current guideline value of Sivagami Nagar Thiruvalluvar 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 in 2012 to Rs 1,600 in 2024, with notable revisions in 2017 and 2023. The most recent increase of 7% occurred from 2023 to 2024.

What is the land classification for this street?

Sivagami Nagar Thiruvalluvar Street & Extn is classified as Residential Special Type - II, indicating its suitability for residential purposes.

Where can I find the registration office for this area?

The registration office that covers Sivagami Nagar Thiruvalluvar Street & Extn is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 at 7%.