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 Vallam village and falls under the Sriperumpudur SRO. The land classification for this area is 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 200 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was Rs 134 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value back to Rs 200 per sq.ft, and this figure remained unchanged in the 2024 revision, indicating a 0% change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vallam

In Vallam village, there are 51 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft. The median guideline value is Rs 200 per sq.ft, which aligns with the current value for Sivan Koil Street.

• Sowndari garden: Rs 600 per sq.ft (2024)
• Sri Arabindo Nagar (Vasantham Nature City): Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 300 per sq.ft (2024)
• Sri Devi Nagar: Rs 150 per sq.ft (2024)
• Saravanapuri Nagar: Rs 150 per sq.ft (2024)
• Samayapurathamman Nagar: 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 rate of Rs 200 per sq.ft, the 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, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Vallam. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and financial purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations 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 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a notable increase of 49% from 2017 to 2023. The 2017 revision saw a decrease to Rs 134 per sq.ft.

What is the median guideline value for streets in Vallam?

The median guideline value for streets in Vallam is Rs 200 per sq.ft, which is the same as the current guideline value for Sivan Koil Street.

What are the stamp duty and registration fees for properties in Sivan Koil Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 200 per sq.ft, the total costs would be Rs 18,000.

Where is the Sub Registrar Office for Sivan Koil Street located?

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