Guideline Value for Sivapriya Nagar

Sivapriya Nagar guideline value

The current guideline value of Sivapriya Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Sivapriya Nagar has changed

The guideline value for Sivapriya Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 200 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, it dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. Following this, the value remained stable at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 802 per sq.ft, placing Sivapriya Nagar's 2024 figure above this median.

• Sri Andal Anagar Extn: Rs 700 per sq.ft (2024)
• Sri Andal Nagar: Rs 701 per sq.ft (2024)
• Sri Baba Nagar: Rs 701 per sq.ft (2024)
• Sri Balaji Nagar-I: Rs 1,000 per sq.ft (2024)
• Sri Balaji Nagar-II: Rs 1,000 per sq.ft (2024)
• Sri Bhavani Amman Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sivapriya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Sivapriya Nagar?

The Sub Registrar Office that covers Sivapriya Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Karanaipuducheri. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on the property's worth.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two is used to calculate the stamp duty and registration fees, ensuring that all transactions are recorded accurately and fairly.

Frequently asked questions

What is the current guideline value of Sivapriya Nagar?

The current guideline value of Sivapriya Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then to Rs 670 per sq.ft in 2017, and remaining at Rs 1,000 per sq.ft in both 2023 and 2024.

What is the median guideline value in Karanaipuducheri?

The median guideline value in Karanaipuducheri is Rs 802 per sq.ft, with Sivapriya Nagar's value being above this median.

What are the stamp duty and registration fees for property in Sivapriya Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where is the Sub Registrar Office for Sivapriya Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.