Guideline Value for Sivan Koil Street

Sivan Koil Street guideline value

The current guideline value of Sivan Koil Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Irunkattukottai village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sivan Koil Street has changed

The guideline value for Sivan Koil Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 400 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft, marking a decrease of 33%. However, from 2017 to the 2023 revision, the value increased significantly to Rs 400 per sq.ft, which is a rise of 49%. The 2024 revision also maintains this value at Rs 400 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for Sivan Koil Street in the revisions from 2002, 2003, and 2007. The guideline value has thus fluctuated over the years, but the current figure aligns with the median value for the area.

Guideline values in Irunkattukottai

In Irunkattukottai village, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,250 per sq.ft. The median value is Rs 400 per sq.ft, which is the same as the guideline value for Sivan Koil Street. Below are other streets in Irunkattukottai:

• Sivaji Street: Rs 400 per sq.ft (2024)
• Sri Gajalaxmi Nagar: Rs 400 per sq.ft (2024)
• Sri Kamacthi Nagar: Rs 600 per sq.ft (2024)
• Saran Singh Street: Rs 400 per sq.ft (2024)
• Sankar Nagar: Rs 250 per sq.ft (2024)
• Sakthi Nagar: Rs 250 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 rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

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 more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Irunkattukottai. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that the transaction is compliant with local regulations. 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 Sivan Koil Street?

The current guideline value of Sivan Koil Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sivan Koil Street has changed several times, with the most recent revision in 2024 maintaining it at Rs 400 per sq.ft. The value saw a decrease to Rs 268 per sq.ft in 2017 but increased back to Rs 400 per sq.ft by 2023.

What are the other streets in Irunkattukottai with similar guideline values?

Other streets in Irunkattukottai with a guideline value of Rs 400 per sq.ft include Sivaji Street, Sri Gajalaxmi Nagar, and Saran Singh Street. There are also streets like Sri Kamacthi Nagar with a higher value of Rs 600 per sq.ft.

What is the stamp duty rate for properties in Sivan Koil Street?

The stamp duty rate for properties in Sivan Koil Street is 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 28,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Sivan Koil Street?

The Sub Registrar Office for Sivan Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registration processes for properties in the area.