Guideline Value for Sivan Koil Street

Sivan Koil Street guideline value

The current guideline value of Sivan Koil Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sivan Koil Street has changed

The guideline value for Sivan Koil Street has remained consistent at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions. Prior to this, the 2017 revision set the guideline value at Rs 804 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Sivan Koil Street in the register.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Sivan Koil Street's 2024 figure above this median.

• Sivanthangal Bajanai Koil Street: Rs 700 per sq.ft (2024)
• Sivanthangal Main Salai: Rs 800 per sq.ft (2024)
• Sivanthangal Mettu Street: Rs 700 per sq.ft (2024)
• Sivanthangal Palla Street: Rs 700 per sq.ft (2024)
• Sivanthangal Road: Rs 1,200 per sq.ft (2024)
• Sivanthangal Sree Nagar IIIrd Street: Rs 700 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 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% is Rs 84,000, and the registration fee at 2% is Rs 24,000, bringing the total cost for these fees to Rs 1,08,000. 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 information.

Which Sub Registrar Office covers Sivan Koil Street?

The Sub Registrar Office covering 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 Sriperumbudur A

The guideline value plays a crucial role in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are fairly assessed based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sivan Koil Street?

The current guideline value of Sivan Koil Street is Rs 1,200 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 seen a 49% increase from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2024. There were no recorded figures for the years 2002, 2003, 2007, and 2012.

What is the median guideline value in Sriperumbudur A?

The median guideline value for streets in Sriperumbudur A is Rs 700 per sq.ft. Sivan Koil Street's 2024 guideline value of Rs 1,200 per sq.ft is above this median.

What are the stamp duty rates for properties in Sivan Koil Street?

The stamp duty for properties in Sivan Koil Street is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

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. You can find more details about your SRO online.