Guideline Value for Sivaji Nagar

Sivaji Nagar guideline value

The current guideline value for Sivaji Nagar in Puthagaram village, under the Ambattur SRO, is Rs 2,200 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Sivaji Nagar has changed

The guideline value of Sivaji Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was a decrease of 33% from the previous figure of Rs 1,474 per sq.ft in 2017. The 2017 revision saw a substantial increase of 49%, bringing the value to Rs 2,200 per sq.ft in 2023, which remained unchanged in the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The current guideline value of Rs 2,200 per sq.ft has remained consistent from 2012 to 2024, indicating stability in this period.

Guideline values in Puthagaram

In Puthagaram village, there are a total of 140 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value in this area is Rs 1,900 per sq.ft, positioning Sivaji Nagar's current value above this median.

• Sivasakthivelan Nagar: Rs 3,000 per sq.ft (2024)
• Shravanthi City: Rs 2,201 per sq.ft (2024)
• Soorapattu Main Road: Rs 2,200 per sq.ft (2024)
• Shanmuga Avenue: Rs 3,000 per sq.ft (2024)
• Sri Devi Avenue: Rs 1,600 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 2,201 per sq.ft (2024)

Stamp duty and registration fee for property in Sivaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivaji Nagar?

The Sivaji Nagar area falls under the jurisdiction of 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puthagaram. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that transactions are conducted at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Sivaji Nagar?

The current guideline value of Sivaji Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,200 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 1,474 per sq.ft in 2017 to 2023, where it held steady.

What is the land classification for Sivaji Nagar?

The land classification for Sivaji Nagar is Residential Special Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sivaji Nagar?

The Ambattur Sub Registrar Office covers Sivaji Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty and registration fees for property in Sivaji Nagar?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. The duty is charged on the higher of the guideline value or the sale price.