Guideline Value for Sivanthangal Sree Nagar X th Street

Sivanthangal Sree Nagar X th Street guideline value

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

The guideline value for Sivanthangal Sree Nagar X th Street has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which remained unchanged until the 2023 revision, where it was updated to Rs 700 per sq.ft. The 2024 revision also maintains this figure at Rs 700 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the register.

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 value is Rs 700 per sq.ft, which aligns with the current guideline value for Sivanthangal Sree Nagar X th Street.

• Sivanthangal Sree Nagar XI th Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar V th Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar VI th 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 X 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, charged at 7%, would be Rs 49,000, while the registration fee at 2% would be Rs 14,000, resulting in a total of Rs 63,000. It is important to note that 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 information.

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

The Sivanthangal Sree Nagar X 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold.

When you register a property, the guideline value is considered to ensure that the appropriate duties are collected. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

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

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

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

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

Where can I find the registration office for this area?

The registration office covering Sivanthangal Sree Nagar X th Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu 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 property with a guideline value of Rs 7,00,000 would incur a stamp duty of Rs 49,000 at the rate of 7%.