Guideline Value for Sivanantham 4th Cross Street

Sivanantham 4th Cross Street guideline value

The current guideline value of Sivanantham 4th 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, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Sivanantham 4th Cross Street has changed

The guideline value for Sivanantham 4th Cross Street has seen several revisions over the years. In 2012, the value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, and in the latest revision for 2024, it has further risen to Rs 2,200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2023 to 2024, there was a change of +10%, while the increase from 2017 to 2023 was +49%. The overall change from 2012 to 2024 is +10%, reflecting a complex history of fluctuations in the guideline value.

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 Sivanantham 4th Cross Street is below this median.

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

Stamp duty and registration fee for property in Sivanantham 4th 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 at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivanantham 4th Cross Street?

The Sub Registrar Office that covers Sivanantham 4th 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 factor during the registration of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs incurred during the registration process. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Sivanantham 4th Cross Street?

The current guideline value of Sivanantham 4th 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 increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

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

Other streets in Ambattur with a guideline value of Rs 2,200 per sq.ft include Sivanantham 3rd Cross Street, Sivanantham Harichandran Koil St., Sivanantham 2nd Main Road, Sivanantham Nagar 1st Street, Sivanantham 2nd Cross Street, and Sivanantham Nagar 2nd Street.

What is the stamp duty rate for properties in Sivanantham 4th Cross Street?

The stamp duty rate for properties in Sivanantham 4th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sivanantham 4th Cross Street?

The Sub Registrar Office for Sivanantham 4th Cross Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.