Guideline Value for Sivanthangal Sree Nagar IInd Street

Sivanthangal Sree Nagar IInd Street guideline value

The current guideline value of Sivanthangal Sree Nagar IInd Street is Rs 700 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 III Type - I.

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

The guideline value for Sivanthangal Sree Nagar IInd Street has remained consistent at Rs 700 per sq.ft from the 2023 revision to the 2024 revision, showing no change. In the previous revision from 2017, the guideline value was Rs 469 per sq.ft, marking a significant increase of 49% to the current figure.

There are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 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 is Rs 700 per sq.ft, which is equal to the current value of Sivanthangal Sree Nagar IInd Street.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees together to Rs 63,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Sivanthangal Sree Nagar IInd Street?

The Sub Registrar Office that covers Sivanthangal Sree Nagar IInd 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 crucial factor when registering property transactions in Sriperumbudur A. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of property transactions in the area.

Frequently asked questions

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

The current guideline value of Sivanthangal Sree Nagar IInd 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 the same at Rs 700 per sq.ft from 2023 to 2024. It increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, representing a 49% rise.

What is the land classification for Sivanthangal Sree Nagar IInd Street?

The land classification for Sivanthangal Sree Nagar IInd Street is Residential Class III Type - I.

Which office handles registrations for this street?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at Rs 700 per sq.ft would incur a total guideline value of Rs 7,00,000, leading to specific fees based on that value.