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Guideline Value

Corporate

Guideline Value for Sivalingam Road 4th Cross Street

₹2400/sq.ft.

The guideline value for Sivalingam Road 4th 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 4th Cross Street

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Sivalingam Road 4th Cross Street guideline value

The current guideline value of Sivalingam Road 4th 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 falls under the Residential Class I Type - II land classification.

How the guideline value of Sivalingam Road 4th Cross Street has changed

Over the years, the guideline value for Sivalingam Road 4th Cross Street has seen several revisions. The 2007 revision set the value at Rs 700 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, there was a decrease to Rs 1,474 per sq.ft in 2017. The value then rose to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,400 per sq.ft as of the 2024 revision. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

In terms of percentage changes, the guideline value increased by 214% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 9% increase. 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 with 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, placing Sivalingam Road 4th Cross Street's 2024 figure below this median.

Stamp duty and registration fee for property in Sivalingam Road 4th 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 amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sivalingam Road 4th Cross Street?

The Sivalingam Road 4th Cross Street falls under the jurisdiction of 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 crucial factor in the registration process when buying or selling property in Peravallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Sivalingam Road 4th Cross Street?

The current guideline value of Sivalingam Road 4th 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 seen several revisions, starting from Rs 700 per sq.ft in 2007, increasing to Rs 2,200 per sq.ft in 2012, then decreasing to Rs 1,474 per sq.ft in 2017, and rising to Rs 2,200 per sq.ft in 2023 before reaching Rs 2,400 per sq.ft in 2024.

What is the land classification for Sivalingam Road 4th Cross Street?

Sivalingam Road 4th Cross Street is classified under Residential Class I Type - II, which indicates its suitability for residential development.

What are the other streets in Peravallur with the same guideline value?

Other streets in Peravallur, such as Sivalingam Road 1st, 2nd, 3rd, and 5th Cross Streets, all share the same guideline value of Rs 2,400 per sq.ft for 2024.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles the registration of properties in the area.