Guideline Value for Sivanthangal Sree Nagar IIIrd Street

Sivanthangal Sree Nagar IIIrd Street guideline value

The current guideline value for Sivanthangal Sree Nagar IIIrd Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village under the Sriperumpudur SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Sivanthangal Sree Nagar IIIrd Street has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 700 per sq.ft. The most recent revision in 2024 again shows the guideline value at Rs 700 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, as the value has not changed between 2023 and 2024.

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. The median value is Rs 700 per sq.ft, which aligns with the guideline value of Sivanthangal Sree Nagar IIIrd Street.

• Sivanthangal Road: Rs 1,200 per sq.ft (2024)
• Sivanthangal Sree Nagar IInd Street: Rs 700 per sq.ft (2024)
• Sivanthangal Palla Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar I st Street: Rs 700 per sq.ft (2024)
• Sivanthangal Mettu Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar IV th Street: Rs 700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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 Sivanthangal Sree Nagar IIIrd Street?

The Sivanthangal Sree Nagar IIIrd Street falls under 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 registering property transactions in Sriperumbudur A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring transparency and consistency in property dealings.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. This ensures that both buyers and sellers are aware of the legal and financial implications of the transaction.

Frequently asked questions

What is the current guideline value for Sivanthangal Sree Nagar IIIrd Street?

The current guideline value for Sivanthangal Sree Nagar IIIrd 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 unchanged at Rs 700 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the median guideline value in Sriperumbudur A?

The median guideline value in Sriperumbudur A is Rs 700 per sq.ft, which is the same as the guideline value for Sivanthangal Sree Nagar IIIrd Street.

What fees apply when registering property in Sivanthangal Sree Nagar IIIrd Street?

When registering property, a stamp duty of 7% and a registration fee of 2% apply based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sivanthangal Sree Nagar IIIrd Street?

The Sub Registrar Office covering Sivanthangal Sree Nagar IIIrd Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.