Guideline Value for Sivanthangal Sree Nagar VII th Street

Sivanthangal Sree Nagar VII th Street guideline value

The current guideline value of Sivanthangal Sree Nagar VII th Street is Rs 700 per sq.ft. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sivanthangal Sree Nagar VII th Street has changed

The guideline value for Sivanthangal Sree Nagar VII th Street has remained unchanged at Rs 700 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the guideline value was Rs 469 per sq.ft in the 2017 revision, marking a significant increase of 49% over six years.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. 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 with 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 is equal to the guideline value of Sivanthangal Sree Nagar VII th Street.

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

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

For a 1,000 sq.ft plot at the current rate, 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, bringing the total to Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers Sivanthangal Sree Nagar VII 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. It serves as a benchmark for determining the stamp duty and registration fees applicable during the property registration process.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with local regulations. The fees are calculated based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Sivanthangal Sree Nagar VII 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 unchanged 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, marking a 49% increase over that period.

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

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

Where can I find the Sub Registrar Office for this area?

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

How is the stamp duty calculated for properties in Sivanthangal Sree Nagar VII th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 49,000.