Guideline Value for Sivanthi Aadithan Nagar

Sivanthi Aadithan Nagar guideline value

The current guideline value of Sivanthi Aadithan Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024. This area is located in Puzhal village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sivanthi Aadithan Nagar has changed

The guideline value for Sivanthi Aadithan Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 52 per sq.ft. This figure increased significantly to Rs 200 per sq.ft in 2007, marking a change of +285%. The value then rose to Rs 700 per sq.ft in 2012, which was a +250% increase from the previous revision. However, in 2017, the value dropped to Rs 469 per sq.ft, reflecting a decrease of -33%. The guideline value saw a substantial increase to Rs 1,000 per sq.ft in 2023, which was a +113% rise. The most recent revision in 2024 set the value at Rs 1,102 per sq.ft, an increase of +10% from the previous year.

The register has no figure for Sivanthi Aadithan Nagar for the year 2002.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, which is equal to the current guideline value of Sivanthi Aadithan Nagar.

• Sivaraj 1st Street: Rs 1,650 per sq.ft (2024)
• Sivaraj 2nd Lane: Rs 1,650 per sq.ft (2024)
• Sivaraj 2nd Street: Rs 1,650 per sq.ft (2024)
• Sivaraj 3rd Lane: Rs 1,650 per sq.ft (2024)
• Sivaraj First Lane: Rs 1,650 per sq.ft (2024)
• Sivaraj first Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sivanthi Aadithan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value would be Rs 11,02,000. The stamp duty at 7% would be Rs 77,140, and the registration fee at 2% would be Rs 22,040, bringing the total charges to Rs 99,180. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sivanthi Aadithan Nagar?

The Sub Registrar Office that covers Sivanthi Aadithan Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is an essential factor in property transactions in Puzhal, as it determines the minimum value on which stamp duty and registration fees are calculated. When buying or selling property, the guideline value serves as a reference point for both parties to ensure compliance with local regulations.

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 ensures that the transaction is documented accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Sivanthi Aadithan Nagar?

The current guideline value of Sivanthi Aadithan Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 52 per sq.ft in 2003 to Rs 1,102 per sq.ft in 2024, reflecting an overall increase of +2019% over the years.

What is the land classification of Sivanthi Aadithan Nagar?

Sivanthi Aadithan Nagar is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Sivanthi Aadithan Nagar?

The Sub Registrar Office for Sivanthi Aadithan Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How are stamp duty and registration fees calculated in Puzhal?

Stamp duty and registration fees in Puzhal are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,02,000, the stamp duty would be Rs 77,140 and the registration fee would be Rs 22,040, totaling Rs 99,180.