Guideline Value for Sivaraj Street Extn 2nd Street

Sivaraj Street Extn 2nd Street guideline value

The current guideline value of Sivaraj Street Extn 2nd Street is Rs 2,420 per sq.ft. This street is located in Thiruneermalai village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Sivaraj Street Extn 2nd Street has changed

The guideline value for Sivaraj Street Extn 2nd Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,474 per sq.ft, which increased to Rs 2,200 per sq.ft in the 2023 revision. The most recent 2024 revision has raised the guideline value to Rs 2,420 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value across these streets is Rs 2,420 per sq.ft, which is equal to the current guideline value of Sivaraj Street Extn 2nd Street.

• Sivaraj Street Extn 1st Street: Rs 2,420 per sq.ft (2024)
• Sivaraj Street Extn 3rd Street: Rs 2,420 per sq.ft (2024)
• Sivaraj Street Extn: Rs 2,420 per sq.ft (2024)
• Sivaraj MainRoad: Rs 2,420 per sq.ft (2024)
• Sivaraj 3rd Street: Rs 2,420 per sq.ft (2024)
• Sivaraj 2nd Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Sivaraj Street Extn 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, making the total Rs 2,17,800. 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 Sivaraj Street Extn 2nd Street?

The Sub Registrar Office that covers Sivaraj Street Extn 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Thiruneermalai. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling a property, the guideline value helps in establishing a baseline for negotiations. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction, including additional fees associated with registration.

Frequently asked questions

What is the current guideline value of Sivaraj Street Extn 2nd Street?

The current guideline value of Sivaraj Street Extn 2nd Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 1,474 per sq.ft to Rs 2,420 per sq.ft in 2024. The 2023 revision saw a 10% increase from the previous year.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What other streets have the same guideline value in Thiruneermalai?

Other streets in Thiruneermalai that share the same guideline value of Rs 2,420 per sq.ft include Sivaraj Street Extn 1st Street, Sivaraj Street Extn 3rd Street, Sivaraj Street Extn, Sivaraj MainRoad, and Sivaraj 3rd Street.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total costs can be significant, amounting to Rs 2,17,800.