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Guideline Value

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Guideline Value for Sivagamiammal Colony 2nd Cross St.

₹2970/sq.ft.

The guideline value for Sivagamiammal Colony 2nd Cross St. in Hastinapuram village (Pallavaram SRO, Chengalpattu zone) is Rs 2970 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Hastinapuram

Village

Pallavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2970 /sq.ft.
From 1-4-2023 ₹2700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1809 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sivagamiammal Colony 2nd Cross St.

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Sivagamiammal Colony 2nd Cross St. guideline value

The current guideline value of Sivagamiammal Colony 2nd Cross St. is Rs 2,970 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village under the Pallavaram SRO, and it falls under Residential Class I Type - I land classification.

How the guideline value of Sivagamiammal Colony 2nd Cross St. has changed

The guideline value for Sivagamiammal Colony 2nd Cross St. has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,700 per sq.ft in 2012, marking a rise of 286%. However, from 2012 to 2017, the value decreased to Rs 1,809 per sq.ft, a decline of 33%. The value then saw a substantial increase to Rs 2,700 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 set the value at Rs 2,970 per sq.ft, a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 324%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value is Rs 2,970 per sq.ft, which is the same as the guideline value for Sivagamiammal Colony 2nd Cross St.

Stamp duty and registration fee for property in Sivagamiammal Colony 2nd Cross St.

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value would be Rs 29,70,000. The stamp duty at 7% would amount to Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total to Rs 2,67,300. Please 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 more information.

Which Sub Registrar Office covers Sivagamiammal Colony 2nd Cross St.?

The Sivagamiammal Colony 2nd Cross St. falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Hastinapuram. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

When selling property, the guideline value can influence the sale price and provide a benchmark for both buyers and sellers. It is essential to be aware of the current guideline value to understand the financial implications during the transaction process.

Frequently asked questions

What is the current guideline value of Sivagamiammal Colony 2nd Cross St.?

The current guideline value of Sivagamiammal Colony 2nd Cross St. is Rs 2,970 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 700 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, reflecting an overall increase of 324%.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 29,70,000, the stamp duty would be Rs 2,07,900 and the registration fee would be Rs 59,400, totaling Rs 2,67,300.

Which Sub Registrar Office covers this street?

The Pallavaram Sub Registrar Office covers Sivagamiammal Colony 2nd Cross St., located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

Where can I find more information on guideline values in Hastinapuram?

More information on guideline values in Hastinapuram can be found in the official guideline value register maintained by the Registration Department (TNReginet).