Guideline Value for Sivanthangal Main Salai

Sivanthangal Main Salai guideline value

The current guideline value of Sivanthangal Main Salai is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Sivanthangal Main Salai has changed

The guideline value for Sivanthangal Main Salai has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 536 per sq.ft. This figure remained until the next revision in 2023, which recorded the same value of Rs 800 per sq.ft. Following this, the most recent revision in 2024 also set the guideline value at Rs 800 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Between the 2017 and 2023 revisions, the guideline value saw an increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by the same percentage of 49%. The 2023 to 2024 revision showed no change, maintaining the guideline value at Rs 800 per sq.ft.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are a total of 238 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, making the 2024 guideline value for Sivanthangal Main Salai above this median.

• Sivanthangal Mettu Street: Rs 700 per sq.ft (2024)
• Sivanthangal Bajanai Koil Street: Rs 700 per sq.ft (2024)
• Sivanthangal Palla Street: Rs 700 per sq.ft (2024)
• Sivanthangal Road: Rs 1,200 per sq.ft (2024)
• Sivanthangal Sree Nagar IIIrd Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar IInd Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sivanthangal Main Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty, charged at 7%, would be Rs 56,000, while the registration fee at 2% would be Rs 16,000. Therefore, the total cost for stamp duty and registration fees together would be Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivanthangal Main Salai?

The Sub Registrar Office that covers Sivanthangal Main Salai is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sriperumbudur A. It is used to determine the stamp duty and registration fees applicable at the time of the transaction. Buyers and sellers must consider the guideline value as it directly impacts the overall cost involved in property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sivanthangal Main Salai?

The current guideline value of Sivanthangal Main Salai is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sivanthangal Main Salai was Rs 536 per sq.ft in 2017 and increased to Rs 800 per sq.ft in 2023. The value remained the same in 2024, showing a 49% increase overall from 2017 to 2024.

What is the median guideline value in Sriperumbudur A?

The median guideline value for streets in Sriperumbudur A is Rs 700 per sq.ft. Sivanthangal Main Salai's guideline value is above this median at Rs 800 per sq.ft.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. This is calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sivanthangal Main Salai located?

The Sub Registrar Office for Sivanthangal Main Salai is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.