Guideline Value for Sivanantham nagar 5th Street

Sivanantham nagar 5th Street guideline value

The current guideline value of Sivanantham nagar 5th 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 5th Street has changed

The guideline value for Sivanantham nagar 5th Street has undergone several revisions over the years. The earliest available figure is from 2012, where the value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. In 2023, the value increased to Rs 2,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, comparing the values from 2012 to 2024, there has been a 10% increase. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO, with guideline values 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, placing the guideline value of Sivanantham nagar 5th Street below this median.

• Sivanantham Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar Erikkarai Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Sivanantham Nagar Pillaiyarkoil 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 5th 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 these fees would be Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivanantham nagar 5th Street?

The Sub Registrar Office that covers Sivanantham nagar 5th 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property 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 a property is sold, the buyer and seller must consider the guideline value in addition to the sale price. The registration fees and stamp duty are calculated based on the higher of the two amounts, ensuring compliance with local regulations and proper documentation of the transaction.

Frequently asked questions

What is the current guideline value of Sivanantham nagar 5th Street?

The current guideline value of Sivanantham nagar 5th 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 nagar 5th Street?

Sivanantham nagar 5th 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 5th 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 this area?

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