Guideline Value for Sivanantham Nagar 4th Street

Sivanantham Nagar 4th Street guideline value

The current guideline value of Sivanantham Nagar 4th 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 4th Street has changed

The guideline value for Sivanantham Nagar 4th Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the latest revision in 2024 has raised it to Rs 2,200 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2007.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ambattur

In Ambattur village, 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, with a median value of Rs 3,600 per sq.ft. The guideline value of Rs 2,200 per sq.ft for Sivanantham Nagar 4th Street is below this median.

• Sivanantham Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar Erikkarai Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar Pillaiyarkoil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivanantham Nagar 4th 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, bringing the total fees to Rs 1,98,000. Please 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 Nagar 4th Street?

The Sivanantham Nagar 4th Street is covered by 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 registering property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential for buyers to be aware of the guideline value to ensure they are not overpaying for a property and for sellers to price their properties competitively.

Frequently asked questions

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

The current guideline value of Sivanantham Nagar 4th 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 are the other streets in Ambattur with the same guideline value?

Other streets in Ambattur with the same guideline value of Rs 2,200 per sq.ft in 2024 include Sivanantham Nagar 3rd Street, 5th Street, 2nd Street, Erikkarai Street, 1st Street, and Pillaiyarkoil Street.

What is the stamp duty for property in Sivanantham Nagar 4th Street?

The stamp duty for property in Sivanantham Nagar 4th Street is 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000.

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

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