Guideline Value for Sivankoil Street

Sivankoil Street guideline value

The current guideline value of Sivankoil Street in Kovilpathagai village under the Ambattur SRO is Rs 805 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Sivankoil Street has changed

The guideline value for Sivankoil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 805 per sq.ft, reflecting a rise of 72%. The current 2024 revision maintains this value at Rs 805 per sq.ft, indicating no change from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for Sivankoil Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 15%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median value for these streets is Rs 870 per sq.ft, which places Sivankoil Street's 2024 figure below this median.

• S.K. Nagar: Rs 806 per sq.ft (2024)
• S.M. Nagar: Rs 880 per sq.ft (2024)
• Shanthi Nagar: Rs 870 per sq.ft (2024)
• Sri Balaji Co-operative Nagar: Rs 806 per sq.ft (2024)
• Sri Balaji Garden: Rs 804 per sq.ft (2024)
• Shakrath Bilal Nagar: Rs 803 per sq.ft (2024)

Stamp duty and registration fee for property in Sivankoil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value amounts to Rs 8,05,000. The stamp duty at 7% would be Rs 56,350, while the registration fee at 2% would be Rs 16,100, bringing the total fees to Rs 72,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivankoil Street?

The Sub Registrar Office that covers Sivankoil 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 Kovilpathagai

The guideline value plays a crucial role in the registration process when buying or selling property in Kovilpathagai. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the Registration Department.

When a property transaction occurs, the guideline value is assessed, and the applicable fees are calculated accordingly. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sivankoil Street?

The current guideline value of Sivankoil Street is Rs 805 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the 2012 figure at Rs 700 per sq.ft, dropping to Rs 469 per sq.ft in 2017, and then rising to Rs 805 per sq.ft in 2023 and 2024.

What is the median guideline value for streets in Kovilpathagai?

The median guideline value for streets in Kovilpathagai is Rs 870 per sq.ft, which is higher than the current value for Sivankoil Street.

What are the stamp duty and registration fees for a property in Sivankoil Street?

For a 1,000 sq.ft property at the guideline value of Rs 805 per sq.ft, the total stamp duty would be Rs 56,350 and the registration fee would be Rs 16,100, totaling Rs 72,450.

Which office handles registrations for Sivankoil Street?

The Ambattur Sub Registrar Office handles registrations for Sivankoil Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.