Guideline Value for Sivanthangal Sree Nagar XI th Street

Sivanthangal Sree Nagar XI th Street guideline value

The current guideline value of Sivanthangal Sree Nagar XI th Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

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

The guideline value for Sivanthangal Sree Nagar XI th Street has remained stable at Rs 700 per sq.ft from the 2023 revision to the 2024 revision, showing no percentage change. Prior to this, the 2017 revision set the value at Rs 469 per sq.ft, marking a significant increase of 49% over the next six years until 2023.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The register does not contain figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

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 is equal to the guideline value of Sivanthangal Sree Nagar XI th Street.

• Sivanthangal Sree Nagar V th Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar X 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 XI 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, making the total cost Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers Sivanthangal Sree Nagar XI th Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

When buying or selling property in Sriperumbudur A, the guideline value is a crucial factor in determining the registration fees and stamp duty. It serves as a benchmark for calculating these costs, ensuring that they are based on a standardized value rather than the negotiated sale price.

At the time of registration, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value of Sivanthangal Sree Nagar XI 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 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 XI th Street?

The land classification for Sivanthangal Sree Nagar XI 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 XI 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 guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 7,00,000, leading to a stamp duty of Rs 49,000 at a rate of 7%.