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Guideline Value

Corporate

Guideline Value for Sivalingam Road 1st Cross Street

₹2400/sq.ft.

The guideline value for Sivalingam Road 1st Cross Street in Peravallur village (Sembiam SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sivalingam Road 1st Cross Street

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Sivalingam Road 1st Cross Street guideline value

The current guideline value of Sivalingam Road 1st Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village under the Sembiam SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Sivalingam Road 1st Cross Street has changed

The guideline value for Sivalingam Road 1st Cross Street has seen significant changes over the years. In the 2007 revision, the value was Rs 700 per sq.ft, which increased dramatically to Rs 2,200 per sq.ft in the 2012 revision, marking a rise of 214%. However, it then decreased to Rs 1,474 per sq.ft in 2017, reflecting a decline of 33%. The value further increased to Rs 2,200 per sq.ft in the 2023 revision, and the most recent revision in 2024 set the value at Rs 2,400 per sq.ft, an increase of 9% from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 243%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. The guideline value for Sivalingam Road 1st Cross Street is below this median.

Stamp duty and registration fee for property in Sivalingam Road 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total cost for these fees Rs 2,16,000. It is important to note that 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 precise calculations based on your specific property details.

Which Sub Registrar Office covers Sivalingam Road 1st Cross Street?

The Sivalingam Road 1st Cross Street is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Peravallur, as it determines the minimum value on which stamp duty and registration fees are calculated. This value is set by the government and is regularly revised to reflect changes in the market.

When a property is sold, the guideline value serves as a benchmark for the transaction, ensuring that the registration process is transparent and fair. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sivalingam Road 1st Cross Street?

The current guideline value of Sivalingam Road 1st Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 700 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, showing an overall increase of 243% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which Sub Registrar Office covers Sivalingam Road 1st Cross Street?

The Sembiam Sub Registrar Office covers Sivalingam Road 1st Cross Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Sivalingam Road 1st Cross Street?

Sivalingam Road 1st Cross Street is classified as Residential Class I Type - II, indicating its suitability for residential development.