Guideline Value for Sivagami Street Devi Nagar

Sivagami Street Devi Nagar guideline value

The current guideline value of Sivagami Street Devi Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Sivagami Street Devi Nagar has changed

Over the years, the guideline value for Sivagami Street Devi Nagar has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,200 per sq.ft, marking a 49% rise. The 2024 revision has further increased the guideline value to Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value of Sivagami Street Devi Nagar.

• Sithirai Veethi(senthil nagar): Rs 2,700 per sq.ft (2024)
• Sinthamani Street(senthil nagar): Rs 2,700 per sq.ft (2024)
• Silapathigaram Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 10th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 11th Street Annanoor: Rs 2,400 per sq.ft (2024)
• Sivasakthi Nagar 12th Street Annanoor: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Street Devi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivagami Street Devi Nagar?

The Sub Registrar Office that covers Sivagami Street Devi Nagar 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 details.

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

The guideline value is a crucial factor when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are conducted at a fair value as per the local regulations.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must be aware of this value to ensure compliance with legal requirements and to avoid any discrepancies during the registration of property transactions.

Frequently asked questions

What is the current guideline value of Sivagami Street Devi Nagar?

The current guideline value of Sivagami Street Devi Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the 2012 value at Rs 2,200 per sq.ft, decreasing to Rs 1,474 per sq.ft in 2017, and then increasing to Rs 2,200 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 2,400 per sq.ft.

What is the land classification of Sivagami Street Devi Nagar?

The land classification for Sivagami Street Devi Nagar is Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Sivagami Street Devi Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,00,000, the stamp duty at 7% would amount to Rs 1,68,000.