Guideline Value for Sivan Koil Rajaveedhi

Sivan Koil Rajaveedhi guideline value

The current guideline value of Sivan Koil Rajaveedhi is Rs 860 per sq.ft, effective from 1 July 2024. This street is located in Gowrivakkam village under the Selaiyur SRO, classified as Residential Class III Type - II.

How the guideline value of Sivan Koil Rajaveedhi has changed

The guideline value for Sivan Koil Rajaveedhi has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, there was a decrease to Rs 402 per sq.ft in 2017. The 2023 revision set the value at Rs 600 per sq.ft, and the most recent revision in 2024 raised it to Rs 860 per sq.ft.

Between the revisions, there were notable changes. From 2007 to 2012, the value increased by 100%, but then it decreased by 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and the latest revision from 2023 to 2024 saw an increase of 43%. Overall, from 2007 to 2024, the guideline value has risen by 187%. The register has no figure for the years 2002 and 2003 for this street.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO that carry a guideline value for 2024, ranging from Rs 840 to Rs 3,750 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Sivan Koil Rajaveedhi is below this median.

• Sivagami Nagar Thiruvalluvar Street & Extn: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar Pirathana salai: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar Main Road: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar Kamarajar Street: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar Gandhi Street & Extn: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar E.V.R Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sivan Koil Rajaveedhi

For a 1,000 sq.ft plot at the current guideline value of Rs 860 per sq.ft, the total guideline value would be Rs 8,60,000. The stamp duty at 7% would be Rs 60,200, and the registration fee at 2% would be Rs 17,200, making the total charges Rs 77,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivan Koil Rajaveedhi?

The Sivan Koil Rajaveedhi falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Gowrivakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sivan Koil Rajaveedhi?

The current guideline value of Sivan Koil Rajaveedhi is Rs 860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 860 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of Sivan Koil Rajaveedhi?

Sivan Koil Rajaveedhi is classified as Residential Class III Type - II.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Sivan Koil Rajaveedhi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 860 per sq.ft incurs a total guideline value of Rs 8,60,000, leading to specific stamp duty and registration fees.