Guideline Value for Sivagami street

Sivagami street guideline value

The current guideline value of Sivagami street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Sivagami street has changed

The guideline value for Sivagami street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has brought the guideline value to Rs 1,650 per sq.ft, an increase of 10% 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 10%.

Guideline values in Peerklankaranai

In Peerklankaranai village, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is the same as the current value for Sivagami street.

• Sivasangaran Street: Rs 1,980 per sq.ft (2024)
• Silappadhigara Street: Rs 1,980 per sq.ft (2024)
• Silappadhigara Cross Street: Rs 1,980 per sq.ft (2024)
• Shankar Street: Rs 1,650 per sq.ft (2024)
• Senthil Murugan Street: Rs 1,980 per sq.ft (2024)
• Senbagam Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sivagami street?

The Sivagami street is covered by the Tambaram Joint 1 Sub Registrar Office located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Peerklankaranai. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the registration process. The guideline value is established by the government and is intended to reflect the market value of properties in a given area.

When buying or selling property, it is essential to consider the guideline value, as it ensures that the transaction is recorded accurately and fairly in the official records. This value is particularly important for calculating the taxes and fees associated with the property transfer.

Frequently asked questions

What is the current guideline value of Sivagami street?

The current guideline value of Sivagami street is Rs 1,650 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 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the other streets in Peerklankaranai with their guideline values?

Other streets in Peerklankaranai include Sivasangaran Street, Silappadhigara Street, Silappadhigara Cross Street, Shankar Street, Senthil Murugan Street, and Senbagam Street, with values ranging from Rs 1,320 to Rs 1,980 per sq.ft in 2024.

What is the stamp duty for property in Sivagami street?

The stamp duty for a property in Sivagami street is calculated at 7% of the guideline value. For example, on a Rs 16,50,000 property, the stamp duty would be Rs 1,15,500.

Where can I find the Sub Registrar Office for Sivagami street?

The Sub Registrar Office covering Sivagami street is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.