Guideline Value for Sivanantham Nagar 3rd Street

Sivanantham Nagar 3rd Street guideline value

The current guideline value of Sivanantham Nagar 3rd 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 is classified as Residential Class IV Type - I.

How the guideline value of Sivanantham Nagar 3rd Street has changed

The guideline value for Sivanantham Nagar 3rd Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 2,000 per sq.ft. In 2017, this value decreased to Rs 1,340 per sq.ft, marking a reduction of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, reaching Rs 2,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street in the register. 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 have a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value in this area is Rs 3,600 per sq.ft, which means that the guideline value of Sivanantham Nagar 3rd Street is below this median.

• Sivanantham Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Harichandran Koil St.: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar Erikkarai Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivanantham Nagar 3rd 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. Together, the total cost for stamp duty and registration would be Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sivanantham Nagar 3rd Street?

The Sub Registrar Office that covers Sivanantham Nagar 3rd 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 when buying or selling property in Ambattur, as it serves as a benchmark for the registration process. When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property. However, the stamp duty and registration fees will be charged based on the higher of the two values, which emphasizes the importance of understanding the guideline value in property transactions.

Frequently asked questions

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

The current guideline value of Sivanantham Nagar 3rd 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. Overall, from 2012 to 2024, the value has increased by 10%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for this street?

The Ambattur Sub Registrar Office handles registrations for Sivanantham Nagar 3rd Street. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Sivanantham Nagar 3rd Street?

Sivanantham Nagar 3rd Street is classified as Residential Class IV Type - I. This classification is important for understanding the zoning and permissible uses of the land.