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Guideline Value

Corporate

Guideline Value for Sivalingam Road 2nd Cross Street

₹2400/sq.ft.

The guideline value for Sivalingam Road 2nd 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 2nd Cross Street

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Sivalingam Road 2nd Cross Street guideline value

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

How the guideline value of Sivalingam Road 2nd Cross Street has changed

The guideline value for Sivalingam Road 2nd Cross Street has experienced several revisions over the years. In 2007, the value was set at Rs 700 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, this figure dropped to Rs 1,474 per sq.ft in 2017, marking a decrease of 33%. The value then rose sharply to Rs 2,200 per sq.ft in 2023, before reaching the current value of Rs 2,400 per sq.ft in 2024, reflecting a 9% increase.

Overall, from 2007 to 2024, the guideline value has increased by 243%. The revisions for the years 2002 and 2003 have no figures recorded for this street in the register.

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. The median value for these streets is Rs 3,301 per sq.ft, indicating that Sivalingam Road 2nd Cross Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Sivalingam Road 2nd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the guideline value totals Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, while the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. 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 further calculations.

Which Sub Registrar Office covers Sivalingam Road 2nd Cross Street?

The Sivalingam Road 2nd Cross Street falls under 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 a critical factor in the registration process when buying or selling property in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sivalingam Road 2nd Cross Street?

The current guideline value of Sivalingam Road 2nd 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 changed from Rs 700 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 243% over the years.

What factors influence the guideline value in Peravallur?

The guideline value is influenced by various factors, including land classification and the values set for other streets in the area, as recorded in the guideline value register.

What is the stamp duty rate for properties in Sivalingam Road 2nd Cross Street?

The stamp duty rate for properties in Sivalingam Road 2nd Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011, or by using the online find your SRO tool.