Guideline Value for Sivanantham Nagar Pillaiyarkoil Street

Sivanantham Nagar Pillaiyarkoil Street guideline value

The current guideline value of Sivanantham Nagar Pillaiyarkoil 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 Nagar Pillaiyarkoil Street has changed

The guideline value for Sivanantham Nagar Pillaiyarkoil Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then dropped to Rs 1,340 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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. The median value for these streets is Rs 3,600 per sq.ft, indicating that the guideline value of Sivanantham Nagar Pillaiyarkoil Street is below this median.

• Sivanantham Nagar Erikkarai Street: Rs 2,200 per sq.ft (2024)
• Sivanantham nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar 2nd Street: 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 Nagar Pillaiyarkoil 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 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 our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Sivanantham Nagar Pillaiyarkoil Street?

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

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Ambattur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to be informed about the current guideline value to avoid any discrepancies during the registration process. Understanding the guideline value helps in making informed decisions when engaging in property transactions in Ambattur.

Frequently asked questions

What is the current guideline value of Sivanantham Nagar Pillaiyarkoil Street?

The current guideline value of Sivanantham Nagar Pillaiyarkoil 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 is the land classification of Sivanantham Nagar Pillaiyarkoil Street?

Sivanantham Nagar Pillaiyarkoil Street is classified as Residential Class IV Type - I.

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

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

How is the stamp duty calculated for properties in Sivanantham Nagar Pillaiyarkoil Street?

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