Guideline Value for Sivanantham 3rd Cross Street

Sivanantham 3rd Cross Street guideline value

The current guideline value of Sivanantham 3rd 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 3rd Cross Street has changed

The guideline value for Sivanantham 3rd Cross Street has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased to Rs 2,000 per sq.ft in 2023 and finally reached Rs 2,200 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, the guideline value decreased by 33%. However, from 2017 to 2023, it saw a significant increase of 49%. The increase from 2023 to 2024 is 10%, leading to an overall increase of 10% from the 2012 revision to the 2024 revision.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO with 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 3rd Cross Street is below this median.

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

Stamp duty and registration fee for property in Sivanantham 3rd 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 amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivanantham 3rd Cross Street?

The Sub Registrar Office that covers Sivanantham 3rd 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 information.

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

The guideline value is a crucial metric used during property registration in Ambattur. It determines the minimum value at which a property can be registered and is essential for calculating stamp duty and registration fees.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value as per government regulations. This value is referenced to calculate the applicable taxes and fees associated with the property transfer.

Frequently asked questions

What is the current guideline value of Sivanantham 3rd Cross Street?

The current guideline value of Sivanantham 3rd 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 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 3rd Cross Street?

Sivanantham 3rd Cross Street is classified as Residential Class IV Type - I.

What are the other streets with the same guideline value in Ambattur?

Other streets in Ambattur with the same guideline value of Rs 2,200 per sq.ft include Sivanantham 2nd Main Road, Sivanantham 4th Cross Street, Sivanantham 2nd Cross Street, Sivanantham Harichandran Koil St., Sivanantham 1st Main Road, and Sivanantham Nagar 1st Street.

Where can I find the Sub Registrar Office for Sivanantham 3rd Cross Street?

The Sub Registrar Office for Sivanantham 3rd 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.