Guideline Value for Sivanthangal Sree Nagar I st Street

Sivanthangal Sree Nagar I st Street guideline value

The current guideline value of Sivanthangal Sree Nagar I st Street is Rs 700 per sq.ft. This street is located in Sriperumbudur A village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sivanthangal Sree Nagar I st Street has changed

The guideline value for Sivanthangal Sree Nagar I st Street has remained stable at Rs 700 per sq.ft since the 2023 revision. Prior to that, in the 2017 revision, the value was Rs 469 per sq.ft, marking a significant increase of 49% over the six-year period from 2017 to 2023.

There are no figures available for the revisions from 2002, 2003, 2007, and 2012 for this street. Therefore, the overall change from the 2017 revision to the current 2024 revision is also +49%, with the current rate of Rs 700 per sq.ft reflecting the same figure as in the 2023 revision.

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. The guideline value for Sivanthangal Sree Nagar I st Street aligns with this median.

• Sivanthangal Sree Nagar IInd Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar IIIrd Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar IV th Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar VIII th Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar IX th Street: Rs 700 per sq.ft (2024)
• Sivanthangal Road: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivanthangal Sree Nagar I st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty, charged at 7%, would be Rs 49,000, while the registration fee at 2% would be Rs 14,000. The total cost for these fees would be Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivanthangal Sree Nagar I st Street?

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

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

The guideline value is a critical factor in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is recorded accurately and reflects the current market conditions. This value is updated periodically to align with changes in the real estate market.

Frequently asked questions

What is the current guideline value of Sivanthangal Sree Nagar I st Street?

The current guideline value of Sivanthangal Sree Nagar I st Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since the 2023 revision. It increased from Rs 469 per sq.ft in the 2017 revision, marking a 49% increase over that six-year period.

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

Other streets in Sriperumbudur A also have a guideline value of Rs 700 per sq.ft for the 2024 revision, including Sivanthangal Sree Nagar IInd, IIIrd, IVth, VIIIth, and IXth Streets. Sivanthangal Road has a higher value of Rs 1,200 per sq.ft.

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. The registration fee is charged at 2% of the same value, ensuring that the fees reflect the property's worth.

Which office handles registrations for Sivanthangal Sree Nagar I st Street?

The Sriperumpudur Sub Registrar Office is responsible for handling registrations for properties in Sivanthangal Sree Nagar I st Street. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.