Guideline Value for Sivan Koil Street

Sivan Koil Street guideline value

The current guideline value of Sivan Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Amarampedu village, under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Sivan Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 134 per sq.ft, representing a decline of 33%. The value then increased significantly to Rs 200 per sq.ft in the 2023 revision, reflecting a rise of 49% from the 2017 figure.

As of the 2024 revision, the guideline value remains at Rs 200 per sq.ft, showing no change from the previous year. There are no figures available for the years 2002, 2003, and 2007 in the register for Sivan Koil Street.

Guideline values in Amarampedu

Amarampedu village has a total of 45 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which is equal to the current value of Sivan Koil Street.

• School Street: Rs 350 per sq.ft (2024)
• Sarvamangala Nagar: Rs 200 per sq.ft (2024)
• Sri Mahalaxmi Nagar: Rs 150 per sq.ft (2024)
• Sri Rajeswari Nagar: Rs 150 per sq.ft (2024)
• Sri Ramkrishna Nagar: Rs 200 per sq.ft (2024)
• Sri Senthil Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivan Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivan Koil Street?

The Sub Registrar Office that covers Sivan Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Amarampedu. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value is set by the Registration Department and is updated periodically based on various factors.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps maintain transparency in property dealings and ensures that proper taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Sivan Koil Street?

The current guideline value of Sivan Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 200 per sq.ft. Prior to that, the value was Rs 200 per sq.ft in 2023, Rs 134 per sq.ft in 2017, and Rs 200 per sq.ft in 2012.

What is the land classification for Sivan Koil Street?

Sivan Koil Street is classified as Residential Class I Type - I, which indicates its suitability for residential development and transactions.

What is the registration office for Sivan Koil Street?

The registration office for Sivan Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total cost would be Rs 2,00,000, leading to a stamp duty of Rs 14,000 at 7%.