Guideline Value for Sivankoil Street

Sivankoil Street guideline value

The current guideline value of Sivankoil Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sivankoil Street has changed

The guideline value for Sivankoil Street has undergone several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a substantial rise of 275%. However, the value then decreased to Rs 1,005 per sq.ft in 2017, reflecting a decline of 33%. The subsequent revision in 2023 saw an increase to Rs 1,500 per sq.ft, followed by another rise to the current value of Rs 1,600 per sq.ft in 2024, amounting to a 7% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 300%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Sivankoil Street's current guideline value below this median.

• Sivaji Ganesan Street (S.V. Nagar): Rs 1,600 per sq.ft (2024)
• Sivaraj Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Sivaraman Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Sir.C.V.Raman Street: Rs 1,600 per sq.ft (2024)
• Sivashanmugam Pillai Street: Rs 1,600 per sq.ft (2024)
• Sivashanmugam Street (S.V.Nagar): Rs 1,600 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 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000. Together, the total cost for these fees would be Rs 1,44,000. 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 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 Oragadam

The guideline value plays a crucial role in the registration process of property transactions in Oragadam. It is the minimum value set by the government for property transactions, ensuring that properties are not sold below this value during registration.

When you buy or sell a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are mandatory and are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Sivankoil Street?

The current guideline value of Sivankoil Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the registration office for Sivankoil Street?

The registration office for 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.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same value.

What is the range of guideline values in Oragadam?

The guideline values in Oragadam range from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft for the year 2024.