Guideline Value for Sivaganammal Street

Sivaganammal Street guideline value

The current guideline value of Sivaganammal Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Sivaganammal Street has changed

The guideline value for Sivaganammal Street has seen significant changes over the years. In the 2007 revision, the value was Rs 620 per sq.ft. This figure increased dramatically to Rs 3,000 per sq.ft in the 2012 revision, marking a change of +384%. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, reflecting a +10% increase from the 2012 figure. The register has no figure for this street for the years 2023, 2017, 2003, and 2002.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +432%. This substantial rise indicates the evolving landscape of property values in the area.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Sivaganammal Street's 2024 figure below this median.

• Sivaguru Street: Rs 4,100 per sq.ft (2024)
• Sivalingam Salai: Rs 4,100 per sq.ft (2024)
• Sivanandam Salai: Rs 4,900 per sq.ft (2024)
• Sivanandam Street Block 78: Rs 2,700 per sq.ft (2024)
• Sivan Koil Street (South): Rs 6,600 per sq.ft (2024)
• Sivan Koil Street (West): Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sivaganammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivaganammal Street?

The Sub Registrar Office that covers Sivaganammal Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is bought or sold, the guideline value is considered to ascertain the applicable duties. The registration office uses this value to calculate the necessary fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sivaganammal Street?

The current guideline value of Sivaganammal Street is Rs 3,300 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 620 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of +432% over this period.

What are the stamp duty and registration fees for properties in Sivaganammal Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office handles transactions for Sivaganammal Street?

The Ashok Nagar Sub Registrar Office is responsible for transactions involving Sivaganammal Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Sivaganammal Street?

Sivaganammal Street is classified under Residential Class IV Type - II, indicating its use for residential purposes.