Guideline Value for Sivalingam Nagar

Sivalingam Nagar guideline value

The current guideline value of Sivalingam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Sivalingam Nagar has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw the value increase to Rs 1,100 per sq.ft, which is a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This significant increase reflects the changes in the guideline values over the years.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of Sivalingam Nagar.

• S M Doss Avenue: Rs 1,100 per sq.ft (2024)
• S.M. Doss Nagar: Rs 1,100 per sq.ft (2024)
• S M G Nagar: Rs 1,100 per sq.ft (2024)
• Selva vinayagar Nagar: Rs 875 per sq.ft (2024)
• Sri Hari Nagar: Rs 1,100 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sivalingam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivalingam Nagar?

The Sub Registrar Office that covers Sivalingam Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value is a crucial factor when buying or selling property in Sevilimadu - A. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the registration process.

When a property is registered, the guideline value is used to determine the fees, ensuring that both the buyer and seller are aware of the official valuation of the property. This helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Sivalingam Nagar?

The current guideline value of Sivalingam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, which is an overall increase of 64%.

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

For a 1,000 sq.ft plot, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000 based on the current guideline value.

Which office handles property registrations in Sivalingam Nagar?

The Kanchipuram Joint II Sub Registrar Office handles property registrations in Sivalingam Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What is the land classification of Sivalingam Nagar?

Sivalingam Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.