Guideline Value

Corporate

Guideline Value for Sivapadam Street

₹1200/sq.ft.

The guideline value for Sivapadam Street in 44.ayanambakkam village (Konnur SRO, Chennai zone) is Rs 1200 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

44.ayanambakkam

Village

Konnur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1200 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sivapadam Street

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Sivapadam Street guideline value

The current guideline value of Sivapadam Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village, under the Konnur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Sivapadam Street has changed

The guideline value for Sivapadam Street has seen significant changes over the years. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% increase. With the 2024 revision, the value further rose to Rs 1,200 per sq.ft, reflecting a 9% increase from the previous year. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%. The current value is indicative of the changes that have occurred in the local real estate landscape over the past several years.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, which means that the guideline value for Sivapadam Street is below this median.

Stamp duty and registration fee for property in Sivapadam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that the 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 Sivapadam Street?

The Sub Registrar Office that covers Sivapadam Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value plays a crucial role in the registration process when buying or selling property in 44.Ayanambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The guideline value is set by the Registration Department and is subject to periodic revisions based on market conditions.

When a property is registered, the buyer must pay the stamp duty based on the higher of the guideline value or the actual sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of real estate in the area.

Frequently asked questions

What is the current guideline value of Sivapadam Street?

The current guideline value of Sivapadam Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2024, marking a total increase of 63% over this period.

What are the stamp duty and registration fees for property in Sivapadam Street?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which office handles registrations for Sivapadam Street?

The Konnur Sub Registrar Office handles registrations for Sivapadam Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Sivapadam Street?

The land classification for Sivapadam Street is Residential Class II Type - II, indicating its designation for residential purposes.