Guideline Value for Sivam Nagar
₹200/sq.ft.
The guideline value for Sivam Nagar in Somangalam_b village (Sriperumpudur SRO, Chengalpattu zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Somangalam_b
Village
Sriperumpudur
SRO
Residential Class III Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹200 /sq.ft. |
| From 1-4-2023 | ₹200 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹134 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | N/A |
| From 1-8-2007 To 31-3-2012 | N/A |
| 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
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Sivam Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Sriperumpudur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sivam Nagar guideline value
The current guideline value of Sivam Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Somangalam_B village under the Sriperumpudur SRO, classified as Residential Class III Type - I.
How the guideline value of Sivam Nagar has changed
In the 2017 revision, the guideline value for Sivam Nagar was Rs 134 per sq.ft. This figure remained unchanged at Rs 200 per sq.ft in the 2023 revision and continues to be Rs 200 per sq.ft in the 2024 revision, indicating a 49% increase from the 2017 figure to 2024. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.
From 2017 to 2023, the guideline value increased by 49%. The 2023 to 2024 revision shows no change, maintaining the value at Rs 200 per sq.ft. Overall, the guideline value has increased by 49% from the 2017 revision to the 2024 revision.
Guideline values in Somangalam_B
In Somangalam_B village, there are 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 2,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Sivam Nagar is below this median.
- Sky Avenue: Rs 150 per sq.ft (2024)
- Somangalam Main Road: Rs 500 per sq.ft (2024)
- Sri Amman Garden: Rs 250 per sq.ft (2024)
- Sengunthar street: Rs 250 per sq.ft (2024)
- Selliamman Nagar: Rs 400 per sq.ft (2024)
- Sri City: Rs 350 per sq.ft (2024)
Stamp duty and registration fee for property in Sivam Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Sivam Nagar?
The Sub Registrar Office that covers Sivam Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Somangalam_B
The guideline value is a crucial factor in the registration process when buying or selling property in Somangalam_B. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees applicable to the transaction.
When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges reflect the official value set by the government. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.
Frequently asked questions
What is the current guideline value of Sivam Nagar?
The current guideline value of Sivam Nagar is Rs 200 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value for Sivam Nagar was Rs 134 per sq.ft in 2017 and has increased to Rs 200 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.
What are the other streets in Somangalam_B and their guideline values?
Other streets in Somangalam_B include Sky Avenue at Rs 150 per sq.ft, Somangalam Main Road at Rs 500 per sq.ft, Sri Amman Garden at Rs 250 per sq.ft, Sengunthar street at Rs 250 per sq.ft, Selliamman Nagar at Rs 400 per sq.ft, and Sri City at Rs 350 per sq.ft for the year 2024.
What is the registration fee for property in Sivam Nagar?
The registration fee for property in Sivam Nagar is calculated based on the guideline value. For example, on a property valued at Rs 2,00,000, the registration fee would be Rs 4,000 at a rate of 2%.
Where can I find the Sub Registrar Office for Sivam Nagar?
The Sub Registrar Office for Sivam Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information about your SRO online.
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