Guideline Value for Sivanthangal Road

Sivanthangal Road guideline value

The current guideline value of Sivanthangal Road is Rs 1,200 per sq.ft, effective from 1 July 2024. This road is located in Sriperumbudur A village under the Sriperumpudur SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Sivanthangal Road has changed

Over the years, the guideline value for Sivanthangal Road has seen several revisions. The register shows no figures for the years 2002, 2003, 2007, and 2012. In 2017, the guideline value was Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in both the 2023 and 2024 revisions, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

From the 2023 revision to the 2024 revision, there was no change, maintaining the guideline value at Rs 1,200 per sq.ft. This consistency indicates stability in the valuation for this street over the most recent years.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. Sivanthangal Road's 2024 guideline value of Rs 1,200 per sq.ft is above this median.

• Sivanthangal Palla Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar IIIrd Street: Rs 700 per sq.ft (2024)
• Sivanthangal Mettu Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar IInd Street: Rs 700 per sq.ft (2024)
• Sivanthangal Main Salai: Rs 800 per sq.ft (2024)
• Sivanthangal Sree Nagar I st Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sivanthangal Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total charges to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sivanthangal Road?

The Sub Registrar Office that covers Sivanthangal Road is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Sriperumbudur A, as it determines the minimum value at which the property can be registered. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during the registration process.

When entering into a sale agreement, both the buyer and seller must consider the guideline value to ensure compliance with legal requirements. It is essential to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sivanthangal Road?

The current guideline value of Sivanthangal Road is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023 and 2024, marking a 49% increase over this period.

What are the guideline values for other streets in Sriperumbudur A?

Other streets in Sriperumbudur A have guideline values ranging from Rs 700 to Rs 800 per sq.ft, with Sivanthangal Road being above the median value of Rs 700 per sq.ft.

What are the stamp duty and registration fees for property in Sivanthangal Road?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which office handles registrations for Sivanthangal Road?

The Sriperumpudur Sub Registrar Office handles registrations for Sivanthangal Road, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.