Guideline Value for Sivalingam Salai

Sivalingam Salai guideline value

The current guideline value of Sivalingam Salai is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - I.

How the guideline value of Sivalingam Salai has changed

The guideline value for Sivalingam Salai has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 1,210 per sq.ft. This increased to Rs 3,750 per sq.ft in the 2012 revision, marking a substantial rise of 210%. The most recent revision in 2024 set the value at Rs 4,100 per sq.ft, reflecting a 9% increase from the 2012 figure.

There are no figures available for the revisions in 2023, 2017, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 239%.

Guideline values in Kodambakkam

In Kodambakkam village, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Sivalingam Salai's 2024 figure below that median.

• Sivanandam Salai: Rs 4,900 per sq.ft (2024)
• Sivanandam Street Block 78: Rs 2,700 per sq.ft (2024)
• Sivaguru Street: Rs 4,100 per sq.ft (2024)
• Sivaganammal Street: Rs 3,300 per sq.ft (2024)
• Sivan Koil Street (South): Rs 6,600 per sq.ft (2024)
• Sivan Koil Street (West): Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sivalingam Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value amounts to Rs 41,00,000. The stamp duty at 7% would be Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, bringing the total fees to Rs 3,69,000. Note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivalingam Salai?

The Sub Registrar Office that covers Sivalingam Salai is the Ashok Nagar Sub Registrar Office. The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is registered at a value that reflects the current market conditions, thereby safeguarding the interests of both the buyer and the government.

Frequently asked questions

What is the current guideline value of Sivalingam Salai?

The current guideline value of Sivalingam Salai is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,210 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, marking an overall increase of 239%.

What are the stamp duty and registration fees for properties in Sivalingam Salai?

For a property valued at Rs 41,00,000, the stamp duty is Rs 2,87,000 and the registration fee is Rs 82,000, totaling Rs 3,69,000.

Which Sub Registrar Office covers this area?

The Ashok Nagar Sub Registrar Office covers Sivalingam Salai, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Sivalingam Salai?

Sivalingam Salai is classified as Residential Class IV Type - I.