Guideline Value for Sivanthangal Sree Nagar VI th Street

Sivanthangal Sree Nagar VI th Street guideline value

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

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

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49%, maintaining the same rate of Rs 700 per sq.ft in both 2023 and 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that have a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is equal to the guideline value of Sivanthangal Sree Nagar VI th Street.

• Sivanthangal Sree Nagar VII th Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar V th Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar VIII th Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar XI th Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar IX th Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar X th Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sivanthangal Sree Nagar VI th 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 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 VI th Street?

The Sivanthangal Sree Nagar VI th Street is covered by 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 plays a crucial role when buying or selling property in Sriperumbudur A. It is the minimum value set by the government for property transactions, ensuring that the property is registered at a fair value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Sivanthangal Sree Nagar VI 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 constant at Rs 700 per sq.ft from 2023 to 2024. It increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023 and 2024.

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

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

Which office handles the registration for this street?

The registration for Sivanthangal Sree Nagar VI th Street is handled by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What are the other streets in Sriperumbudur A with the same guideline value?

Other streets in Sriperumbudur A with the same guideline value of Rs 700 per sq.ft include Sivanthangal Sree Nagar VII th Street, Sivanthangal Sree Nagar V th Street, Sivanthangal Sree Nagar VIII th Street, Sivanthangal Sree Nagar XI th Street, Sivanthangal Sree Nagar IX th Street, and Sivanthangal Sree Nagar X th Street.