Guideline Value for Sivanandam Salai

Sivanandam Salai guideline value

The current guideline value of Sivanandam Salai is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class III Type - II.

How the guideline value of Sivanandam Salai has changed

Since its last revision in 2023, where the guideline value was Rs 4,500 per sq.ft, the value has increased by 9% to Rs 4,900 per sq.ft in 2024. The previous revisions show that the guideline value remained unchanged from 2012 to 2023, with the value at Rs 4,500 per sq.ft in both years.

Looking further back, the guideline value saw a significant increase from Rs 1,210 per sq.ft in 2007 to Rs 4,500 per sq.ft in 2012, marking a 272% rise. Overall, from 2007 to 2024, the guideline value has increased by 305%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is equal to the current value of Sivanandam Salai.

• Sivanandam Street Block 78: Rs 2,700 per sq.ft (2024)
• Sivalingam Salai: Rs 4,100 per sq.ft (2024)
• Sivan Koil Street (South): Rs 6,600 per sq.ft (2024)
• Sivan Koil Street (West): Rs 6,600 per sq.ft (2024)
• Sivaguru Street: Rs 4,100 per sq.ft (2024)
• Sivaganammal Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sivanandam Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees to Rs 4,41,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivanandam Salai?

The Sub Registrar Office that covers Sivanandam Salai is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property, ensuring that the government receives the appropriate revenue from property transactions.

When a buyer or seller approaches the Sub Registrar Office, the guideline value is referenced to calculate the necessary fees. This value is essential for both parties to understand the financial obligations involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sivanandam Salai?

The current guideline value of Sivanandam Salai is Rs 4,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,210 per sq.ft to Rs 4,900 per sq.ft in 2024, marking an overall increase of 305%.

What are the stamp duty and registration fees for property in Sivanandam Salai?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 49,00,000, the total fees would be Rs 4,41,000.

Which Sub Registrar Office covers Sivanandam Salai?

The Ashok Nagar Sub Registrar Office covers Sivanandam Salai, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

Where can I find more information about guideline values in Kodambakkam?

For more information about guideline values in Kodambakkam, you can refer to the Registration Department's guideline value register or visit the relevant links provided on this page.