Guideline Value for Sivanantham 1st Cross Street

Sivanantham 1st Cross Street guideline value

The current guideline value of Sivanantham 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur SRO, classified as Residential Class IV Type - I.

How the guideline value of Sivanantham 1st Cross Street has changed

Over the years, the guideline value for Sivanantham 1st Cross Street has seen several revisions. The earliest recorded figure is from 2012, where it was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017, marking a drop of 33%. In 2023, the value rose to Rs 2,000 per sq.ft, and the latest revision in 2024 has increased it further to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value of Rs 2,200 per sq.ft for Sivanantham 1st Cross Street is below this median.

• Sivanantham 1st Main Road: Rs 2,200 per sq.ft (2024)
• Sivanantham 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Sivanantham 2nd Main Road: Rs 2,200 per sq.ft (2024)
• Sivanantham 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Sivanantham 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Harichandran Koil St.: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivanantham 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sivanantham 1st Cross Street?

The Sub Registrar Office that covers Sivanantham 1st Cross Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, making it essential to understand the current guideline value in the area.

Frequently asked questions

What is the current guideline value of Sivanantham 1st Cross Street?

The current guideline value of Sivanantham 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Sivanantham 1st Cross Street?

Sivanantham 1st Cross Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sivanantham 1st Cross Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.