Guideline Value for Sivam Avenue

Sivam Avenue guideline value

The current guideline value of Sivam Avenue is Rs 2,100 per sq.ft. This street is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Sivam Avenue has changed

The guideline value for Sivam Avenue has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 2,100 per sq.ft. This remained unchanged in the subsequent 2017 revision, where it dropped to Rs 1,407 per sq.ft, reflecting a decrease of 33%. However, in the latest 2023 revision, the guideline value increased to Rs 2,100 per sq.ft, marking a significant rise of 49% from the 2017 figure.

When looking at the overall changes from 2012 to 2023, the guideline value has remained stable, with no net change. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Urapakkam

Currently, the guideline value for Sivam Avenue is Rs 2,100 per sq.ft. Unfortunately, there are no village figures provided for other streets in Urapakkam under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sivam Avenue

For a 1,000 sq.ft plot at the current rate of Rs 2,100 per sq.ft, the guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, totaling Rs 1,89,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivam Avenue?

The Sub Registrar Office that covers Sivam Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Urapakkam. It helps determine the stamp duty and registration fees applicable to the transaction, ensuring that both the buyer and seller comply with local regulations.

When a property is registered, the guideline value serves as a benchmark for calculating the fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Sivam Avenue?

The current guideline value of Sivam Avenue is Rs 2,100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has fluctuated, dropping to Rs 1,407 per sq.ft in 2017 and then rising back to Rs 2,100 per sq.ft in 2023. Overall, from 2012 to 2023, there has been no net change in the guideline value.

What are the stamp duty and registration fees for properties in Sivam Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,89,000, which includes Rs 1,47,000 for stamp duty and Rs 42,000 for registration fees.

Which office handles the registration of properties in Sivam Avenue?

The Gooduvancheri Sub Registrar Office handles property registrations for Sivam Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Is there any guideline value data for the years 2002, 2003, and 2007 for Sivam Avenue?

No, the guideline value register has no figures for Sivam Avenue for the years 2002, 2003, and 2007.