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 Vallam_B village, under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Sivan Koil Street has changed

The guideline value for Sivan Koil Street has undergone several revisions over the years. The most recent figures show that from the 2017 revision, where the value was Rs 134 per sq.ft, there has been a significant increase of 199% to the current value of Rs 400 per sq.ft in 2024. The 2023 revision also recorded the same value of Rs 400 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for Sivan Koil Street. The overall change from the 2017 revision to the 2024 revision reflects a consistent increase of 199% in the guideline value.

Guideline values in Vallam_B

In Vallam_B village, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which aligns with the current value of Sivan Koil Street.

• Sornambiga Nagar: Rs 400 per sq.ft (2024)
• 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)

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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees together to 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 a detailed calculation, 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vallam_B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the guideline value or the sale price, whichever is higher.

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 much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 199%, from Rs 134 per sq.ft to Rs 400 per sq.ft in 2024. The value remained unchanged from 2023 to 2024.

What are the other streets in Vallam_B with their guideline values?

Other streets in Vallam_B include Sornambiga Nagar at Rs 400 per sq.ft, Sowndari garden at Rs 600 per sq.ft, Sri Arabindo Nagar at Rs 200 per sq.ft, Sri Balaji Nagar at Rs 300 per sq.ft, Sri Devi Nagar at Rs 150 per sq.ft, and Saravanapuri Nagar at Rs 150 per sq.ft.

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

Stamp duty for properties in Sivan Koil Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft incurs a stamp duty of Rs 28,000.

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 also find additional information by visiting the official site.