Guideline Value for Sivanthangal Sree Nagar IV th Street

Sivanthangal Sree Nagar IV th Street guideline value

The current guideline value of Sivanthangal Sree Nagar IV th Street is Rs 700 per sq.ft, effective from 1 July 2024. 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 IV th Street has changed

The guideline value for Sivanthangal Sree Nagar IV th Street has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which remained unchanged at Rs 700 per sq.ft in the 2023 revision. The current 2024 revision also maintains the value at Rs 700 per sq.ft, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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 guideline value for these streets is Rs 700 per sq.ft, which aligns with the 2024 figure for Sivanthangal Sree Nagar IV th Street.

• Sivanthangal Sree Nagar I st Street: Rs 700 per sq.ft (2024)
• 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 VII 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)

Stamp duty and registration fee for property in Sivanthangal Sree Nagar IV th 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 at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. 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 IV th Street?

The Sivanthangal Sree Nagar IV th Street falls under the jurisdiction of the Sriperumpudur Sub Registrar Office located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Sriperumbudur A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties in the transaction are aware of the financial obligations involved in the property transfer process.

Frequently asked questions

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

The current guideline value for Sivanthangal Sree Nagar IV th 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 from 2023 to 2024, with a 49% increase from Rs 469 per sq.ft in 2017 to 2023. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Sivanthangal Sree Nagar IV th Street?

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

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is typically 7% for property transactions, which is applied to the higher of the guideline value or the sale price of the property.

Where can I find more information about the Sub Registrar Office?

You can find more information about the Sub Registrar Office covering Sivanthangal Sree Nagar IV th Street at the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105. For further details, visit find your SRO.