Guideline Value for Sivanthangal Sree Nagar VIII th Street

Sivanthangal Sree Nagar VIII th Street guideline value

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

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

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase in the guideline value, as the value remained stable between 2023 and 2024.

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 for these streets is Rs 700 per sq.ft, which is equal to the 2024 figure for Sivanthangal Sree Nagar VIII th Street.

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

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

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

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

The Sivanthangal Sree Nagar VIII 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 is an important factor in property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transacted.

Frequently asked questions

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

The current guideline value of Sivanthangal Sree Nagar VIII 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 increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both 2023 and 2024, showing a 49% increase overall from 2017 to 2024.

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

The land classification for Sivanthangal Sree Nagar VIII th 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 VIII th Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total duty amounts to Rs 63,000.