Guideline Value for Sivaguru Street

Sivaguru Street guideline value

The current guideline value of Sivaguru Street is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar Sub Registrar Office (SRO), classified as Residential Class IV Type - I.

How the guideline value of Sivaguru Street has changed

The guideline value for Sivaguru Street has seen significant changes over the years. In the 2007 revision, the value was Rs 800 per sq.ft, which increased dramatically to Rs 3,750 per sq.ft in the 2012 revision, marking a 369% increase. The most recent revision in 2024 has set the guideline value at Rs 4,100 per sq.ft, reflecting a 9% rise from the 2012 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2017, and 2023 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 413%.

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 in this area is Rs 4,900 per sq.ft, placing Sivaguru Street's 2024 figure below the median.

• Sivaganammal Street: Rs 3,300 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 Sivaguru Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value amounts to Rs 41,00,000. The stamp duty at 7% would be Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, bringing the total fees together to Rs 3,69,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sivaguru Street?

The Ashok Nagar Sub Registrar Office covers Sivaguru Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When buying or selling property, the guideline value impacts the stamp duty and registration fees that need to be paid. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sivaguru Street?

The current guideline value of Sivaguru Street is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,750 per sq.ft in 2012, and then to Rs 4,100 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2017, and 2023.

What is the registration office for Sivaguru Street?

The registration office for Sivaguru Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Sivaguru Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 2,87,000.

What are the guideline values of other streets in Kodambakkam?

Other streets in Kodambakkam have varying guideline values. For instance, Sivaganammal Street is valued at Rs 3,300 per sq.ft, while Sivan Koil Street (South) and (West) are valued at Rs 6,600 per sq.ft.