Guideline Value for Sivanthi Athithanar Road

Sivanthi Athithanar Road guideline value

The current guideline value of Sivanthi Athithanar Road is Rs 550 per sq.ft, effective from 1 July 2024. This road is located in Alamathi village under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Sivanthi Athithanar Road has changed

The guideline value for Sivanthi Athithanar Road has seen significant changes over the years. In 2003, the guideline value was Rs 19 per sq.ft, which increased to Rs 200 per sq.ft in 2007. This was a substantial rise of 953%. Following this, the value jumped to Rs 500 per sq.ft in 2012, marking a 150% increase. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, which was a decline of 33%. The value then rose again to Rs 500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 saw the guideline value reach Rs 550 per sq.ft, a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 2795%.

Guideline values in Alamathi

In Alamathi, there are 54 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,100 per sq.ft, with the median being Rs 550 per sq.ft. The guideline value for Sivanthi Athithanar Road aligns with this median.

• Sri Balaji Garden: Rs 550 per sq.ft (2024)
• Sri Gomathi Amman Nagar: Rs 770 per sq.ft (2024)
• Sri Kalikambal Avenue: Rs 550 per sq.ft (2024)
• Selvaraj Nagar: Rs 550 per sq.ft (2024)
• Sri Krishna Nagar: Rs 550 per sq.ft (2024)
• School Street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Sivanthi Athithanar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivanthi Athithanar Road?

The Sivanthi Athithanar Road falls under the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Alamathi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that all transactions are fairly assessed according to the established guidelines.

Frequently asked questions

What is the current guideline value of Sivanthi Athithanar Road?

The current guideline value of Sivanthi Athithanar Road is Rs 550 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 19 per sq.ft in 2003 to Rs 550 per sq.ft in 2024, marking an overall increase of 2795% over this period.

What are the other streets in Alamathi with their guideline values?

Other streets in Alamathi include Sri Balaji Garden and Sri Kalikambal Avenue, both at Rs 550 per sq.ft, and Sri Gomathi Amman Nagar at Rs 770 per sq.ft, among others.

What fees are associated with property transactions on Sivanthi Athithanar Road?

For a property valued at Rs 5,50,000, the stamp duty is Rs 38,500 and the registration fee is Rs 11,000, totaling Rs 49,500 in fees.

Which office handles the registration for properties on Sivanthi Athithanar Road?

The Redhills Sub Registrar Office handles the registration for properties on Sivanthi Athithanar Road, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.