Guideline Value for Sivan Koil East Mada Veethi

Sivan Koil East Mada Veethi guideline value

The current guideline value of Sivan Koil East Mada Veethi is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Mannivakkam village under the Gooduvancheri SRO, classified as Residential Special Type - II.

How the guideline value of Sivan Koil East Mada Veethi has changed

The guideline value has seen several revisions over the years. In 2012, the value was Rs 900 per sq.ft, which then dropped to Rs 603 per sq.ft in 2017. Following this, the value increased significantly by 49% to Rs 900 per sq.ft in 2023. The most recent revision in 2024 saw a further increase of 10%, bringing the value to Rs 990 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Sivan Koil East Mada Veethi. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mannivakkam

Mannivakkam village has a total of 118 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 330 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,215 per sq.ft, indicating that Sivan Koil East Mada Veethi's 2024 figure is below this median.

• Sivan Koil North Mada Veethi: Rs 990 per sq.ft (2024)
• Sivan Koil South Mada Veethi: Rs 990 per sq.ft (2024)
• Sivan Koil West Mada Veethi: Rs 990 per sq.ft (2024)
• Sivapriya Avenue: Rs 990 per sq.ft (2024)
• Singaram Nagar: Rs 1,320 per sq.ft (2024)
• Sindhu Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sivan Koil East Mada Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, leading to a total of Rs 89,100. 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 accurate calculations.

Which Sub Registrar Office covers Sivan Koil East Mada Veethi?

The Sivan Koil East Mada Veethi falls under 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Mannivakkam. It serves as a benchmark for calculating stamp duty and registration fees, which are essential costs involved in property transfers.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the official valuation set by the Registration Department. This helps in maintaining transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of Sivan Koil East Mada Veethi?

The current guideline value of Sivan Koil East Mada Veethi is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the median guideline value for streets in Mannivakkam?

The median guideline value for the 118 streets in Mannivakkam is Rs 1,215 per sq.ft, which is above the current value of Sivan Koil East Mada Veethi.

What are the stamp duty and registration fees for property in Sivan Koil East Mada Veethi?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,90,000. The stamp duty at 7% is Rs 69,300, and the registration fee at 2% is Rs 19,800, leading to a total of Rs 89,100.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.