Guideline Value for Sivanthangal Sree Nagar IX th Street

Sivanthangal Sree Nagar IX th Street guideline value

The current guideline value of Sivanthangal Sree Nagar IX 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 IX th Street has changed

The guideline value for Sivanthangal Sree Nagar IX th Street has remained consistent at Rs 700 per sq.ft for the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the guideline value was Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. The lack of data in these years indicates that the guideline value was not recorded for Sivanthangal Sree Nagar IX th Street during those revisions.

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 current guideline value of Sivanthangal Sree Nagar IX th Street.

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

Stamp duty and registration fee for property in Sivanthangal Sree Nagar IX 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, leading to a total of Rs 63,000. It is important to 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 precise calculations based on your specific property details.

Which Sub Registrar Office covers Sivanthangal Sree Nagar IX th Street?

The Sub Registrar Office that covers Sivanthangal Sree Nagar IX th 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 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 serves as a benchmark for calculating stamp duty and registration fees. Buyers and sellers must refer to the current guideline value to ensure compliance with the registration requirements.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Sivanthangal Sree Nagar IX 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 the same at Rs 700 per sq.ft for the 2023 and 2024 revisions. It increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

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

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

Which office handles the registration for properties in this area?

The Sriperumpudur Sub Registrar Office handles the registration for properties in Sivanthangal Sree Nagar IX th Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

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