Guideline Value for Sivan Kovil Street

Sivan Kovil Street guideline value

The current guideline value of Sivan Kovil Street in Maathoor village is Rs 505 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special Type - II.

How the guideline value of Sivan Kovil Street has changed

Looking at the historical revisions of the guideline value for Sivan Kovil Street, the 2012 revision set the value at Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in the 2017 revision. The value then increased significantly to Rs 500 per sq.ft in the 2023 revision, and finally, it rose to Rs 505 per sq.ft in the 2024 revision, marking a 1% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change has been an increase of just 1%. Notably, the jump from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023 represents a substantial increase of 49% over that six-year period.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,687 per sq.ft. The median value among these streets is Rs 500 per sq.ft, indicating that Sivan Kovil Street's 2024 figure is above this median.

• SriVigneshwara Nagar: Rs 250 per sq.ft (2024)
• Roja Nagar: Rs 250 per sq.ft (2024)
• Temple Green-ArunExcello: Rs 1,000 per sq.ft (2024)
• Priya Nagar: Rs 300 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 250 per sq.ft (2024)
• Town House Phase-II @ Temple Green: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sivan Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 505 per sq.ft, the total guideline value would be Rs 5,05,000. The stamp duty at 7% would amount to Rs 35,350, and the registration fee at 2% would be Rs 10,100, bringing the total fees together to Rs 45,450. 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 accurate calculations.

Which Sub Registrar Office covers Sivan Kovil Street?

The Sub Registrar Office that covers Sivan Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO online for more information.

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

The guideline value is an essential factor in property transactions in Maathoor, as it determines the minimum value for registration purposes. When buying or selling property, the guideline value serves as a benchmark for calculating stamp duty and registration fees.

It is crucial for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transactions. Ensuring that the sale price is in line with the guideline value can help avoid complications during the registration process.

Frequently asked questions

What is the current guideline value for Sivan Kovil Street?

The current guideline value for Sivan Kovil Street is Rs 505 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 505 per sq.ft in 2024.

What is the classification of land on Sivan Kovil Street?

Sivan Kovil Street is classified as Residential Special Type - II under the current guidelines.

Which registration office is responsible for Sivan Kovil Street?

The Sunguvarchattram Sub Registrar Office is responsible for properties on Sivan Kovil Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu.

How is stamp duty calculated for properties in Maathoor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 5,05,000, the stamp duty at 7% would be Rs 35,350.