Guideline Value for Sivan Nagar

Sivan Nagar guideline value

The current guideline value of Sivan Nagar, located in Pazhanthandalam village under the Padappai SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Sivan Nagar has changed

In the 2012 revision, the guideline value was Rs 400 per sq.ft. This figure saw a decrease of 33% by the 2017 revision, which set the value at Rs 268 per sq.ft. The value then increased significantly by 49% to Rs 400 per sq.ft in the 2023 revision. The most recent revision in 2024 shows a further increase of 10%, bringing the current guideline value to Rs 440 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes in the guideline values reflect the revisions made over the years, highlighting the fluctuations in property valuation in this area.

Guideline values in Pazhanthandalam

Pazhanthandalam village has a total of 57 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Sivan Nagar's 2024 figure below this median.

• Solai Nagar: Rs 440 per sq.ft (2024)
• Shridi Sai Nagar Extension IV: Rs 1,100 per sq.ft (2024)
• Shobha Green Park Phase -3: Rs 1,810 per sq.ft (2024)
• Shoba Green Park (S.No.315/2B): Rs 1,200 per sq.ft (2024)
• Shanmuga Nagar: Rs 770 per sq.ft (2024)
• Sri Bhuvaneswari Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sivan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. 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 Nagar?

Sivan Nagar falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value on which stamp duty and registration fees are calculated. When buying or selling property, the guideline value ensures that the transaction is registered at a fair and standardized value.

Frequently asked questions

What is the current guideline value of Sivan Nagar?

The current guideline value of Sivan Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the median guideline value in Pazhanthandalam?

The median guideline value for streets in Pazhanthandalam is Rs 1,100 per sq.ft, with Sivan Nagar's value being below this median.

What are the stamp duty and registration fees for property in Sivan Nagar?

For a 1,000 sq.ft plot in Sivan Nagar, the total guideline value is Rs 4,40,000. The stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which office handles the registration for Sivan Nagar?

The Padappai Sub Registrar Office handles the registration for Sivan Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.