Guideline Value for Sivaraj Street Extn 3rd Street

Sivaraj Street Extn 3rd Street guideline value

The current guideline value of Sivaraj Street Extn 3rd Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sivaraj Street Extn 3rd Street has changed

The guideline value for Sivaraj Street Extn 3rd Street has undergone several revisions over the years. As per the register, the value was Rs 1,474 per sq.ft in 2017, which increased to Rs 2,200 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 2,420 per sq.ft, marking a 10% increase from the previous year. The overall change from 2017 to 2024 is a significant rise of 64%.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. This means that the guideline value for Sivaraj Street Extn 3rd Street has only been documented from 2017 onwards.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, which is the same as the current value for Sivaraj Street Extn 3rd Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, while the registration fee at 2% would be Rs 48,400. Therefore, the total cost for stamp duty and registration fee together would be Rs 2,17,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivaraj Street Extn 3rd Street?

The Sivaraj Street Extn 3rd Street is covered by 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 an essential factor when registering property transactions in Thiruneermalai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sivaraj Street Extn 3rd Street?

The current guideline value of Sivaraj Street Extn 3rd Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,474 per sq.ft in 2017 to Rs 2,420 per sq.ft in 2024, marking a total increase of 64% over this period.

Which office handles registrations for Sivaraj Street Extn 3rd Street?

The Pammal Sub Registrar Office handles registrations for Sivaraj Street Extn 3rd Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty rates for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

What is the significance of the guideline value in property transactions?

The guideline value serves as a benchmark for property registration and helps determine the stamp duty and registration fees. It ensures that property transactions are conducted transparently and fairly.