Guideline Value for Sivanandam Street Block 78

Sivanandam Street Block 78 guideline value

The current guideline value of Sivanandam Street Block 78 is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO, classified as Residential Class IV Type - III.

How the guideline value of Sivanandam Street Block 78 has changed

The guideline value for Sivanandam Street Block 78 has undergone several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it saw a decrease to Rs 1,675 per sq.ft in 2017 before rising to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 238%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with 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, placing Sivanandam Street Block 78 below this median.

• Sivanandam Salai: Rs 4,900 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 Street Block 78

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sivanandam Street Block 78?

The Sub Registrar Office that covers Sivanandam Street Block 78 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 details.

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

The guideline value plays a crucial role during the registration process of property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recorded.

When buying or selling property, the guideline value is referenced to assess the legal and financial obligations involved in the transaction. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sivanandam Street Block 78?

The current guideline value of Sivanandam Street Block 78 is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 238% over the years.

What are the stamp duty and registration fees for property in Sivanandam Street Block 78?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office is responsible for Sivanandam Street Block 78?

The Ashok Nagar Sub Registrar Office is responsible for Sivanandam Street Block 78, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft, with Sivanandam Street Block 78 being below this median at Rs 2,700 per sq.ft.