Guideline Value for Sivan Kovil Street

Sivan Kovil Street guideline value

The current guideline value of Sivan Kovil Street is Rs 150 per sq.ft, effective from the 2024 revision. This street is located in Ulunthai village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sivan Kovil Street has changed

Over the years, the guideline value of Sivan Kovil Street has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was adjusted to Rs 100 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value back to Rs 150 per sq.ft, and the current 2024 revision maintains this figure with no change from the previous year.

From 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 150 per sq.ft. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 150 per sq.ft.

Guideline values in Ulunthai

In Ulunthai village, there are 27 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 426 per sq.ft. The median value for these streets is Rs 150 per sq.ft, making Sivan Kovil Street's 2024 figure equal to that median.

• SriMathi Nagar: Rs 150 per sq.ft (2024)
• Sai Baba Street: Rs 150 per sq.ft (2024)
• Rangapuram Street: Rs 150 per sq.ft (2024)
• Ramar Koil Street: Rs 150 per sq.ft (2024)
• Swathi Land: Rs 426 per sq.ft (2024)
• Swathi Nagar Phase I-IV: Rs 350 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 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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 for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Ulunthai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. It is essential to consider the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sivan Kovil Street?

The current guideline value of Sivan Kovil Street is Rs 150 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and remains the same in 2024.

What is the land classification for Sivan Kovil Street?

Sivan Kovil Street is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Sivan Kovil Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ulunthai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 150 per sq.ft would incur a total guideline value of Rs 1,50,000, leading to specific fees for stamp duty and registration.