Guideline Value for Sivaji Street, Chennai 82

Sivaji Street, Chennai 82 guideline value

The current guideline value of Sivaji Street, Chennai 82 is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Sivaji Street, Chennai 82 has changed

The guideline value for Sivaji Street has undergone several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 275%. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, reflecting a decline of 33%. The value then saw a substantial increase to Rs 4,500 per sq.ft in 2023, which was a rise of 49% from the previous revision. The most recent revision in 2024 set the value at Rs 4,900 per sq.ft, an increase of 9% from 2023.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 308%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is equal to the current guideline value for Sivaji Street.

• Sivalinga Achari Street: Rs 4,900 per sq.ft (2024)
• Sir C.V. Raman Street, Chennai 82: Rs 5,500 per sq.ft (2024)
• Solai 1st Street: Rs 4,900 per sq.ft (2024)
• Solai 2nd Street: Rs 4,900 per sq.ft (2024)
• Solai 3rd Street: Rs 4,900 per sq.ft (2024)
• Solai 4th Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sivaji Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would amount to Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sivaji Street, Chennai 82?

The Sub Registrar Office that covers Sivaji Street, Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value helps in calculating the applicable stamp duty, which is based on the higher of the guideline value or the actual sale price. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Sivaji Street, Chennai 82?

The current guideline value of Sivaji Street, Chennai 82 is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, with the most recent revision in 2024 showing an increase of 9% from the previous year. Overall, from 2007 to 2024, there has been an increase of 308% in the guideline value.

What is the registration office for Sivaji Street?

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

How is stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated based on the higher of the guideline value or the actual sale price of the property. For example, if the guideline value is Rs 49,00,000, the stamp duty would be calculated at 7% of that amount.

What is the land classification for Sivaji Street?

The land classification for Sivaji Street is Residential Class I Type - III, indicating its designation for residential use.