Guideline Value for Sivalinga Achari Street

Sivalinga Achari Street guideline value

The current guideline value of Sivalinga Achari Street is Rs 4,900 per sq.ft. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sivalinga Achari Street has changed

The guideline value for Sivalinga Achari Street has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 1,200 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a growth of 275%. However, it decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%. The value then surged to Rs 4,500 per sq.ft in 2023, reflecting a substantial increase of 49% from the previous revision. The most recent revision in 2024 set the guideline value at Rs 4,900 per sq.ft, representing a 9% increase from 2023.

The register has no figure for Sivalinga Achari Street in 2002 and 2003. 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 2024 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 of Sivalinga Achari Street.

• Sivaji Street, Chennai 82: 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 Sivalinga Achari Street

For a 1,000 sq.ft plot at the current rate of Rs 4,900 per sq.ft, the guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling 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 more details.

Which Sub Registrar Office covers Sivalinga Achari Street?

The Sub Registrar Office that covers Sivalinga Achari Street 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 during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer approaches the registration office, the guideline value is used to calculate the applicable charges, ensuring that the transaction is recorded accurately in accordance with the prevailing regulations. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Sivalinga Achari Street?

The current guideline value of Sivalinga Achari Street 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 seen various changes, starting from Rs 1,200 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024. The most significant increase was from 2017 to 2023, where it rose by 49%.

What is the land classification of Sivalinga Achari Street?

Sivalinga Achari Street is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Sivalinga Achari Street?

The Sub Registrar Office for Sivalinga Achari 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 guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 49,00,000, the stamp duty would be calculated at 7% of that amount.