Guideline Value for Sivarajapuram (Huts)

Sivarajapuram (Huts) guideline value

The current guideline value of Sivarajapuram (Huts) is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Triplicane village under the Triplicane SRO, and is classified as Residential Special Type - V.

How the guideline value of Sivarajapuram (Huts) has changed

The guideline value for Sivarajapuram (Huts) has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the latest revision in 2024 raised it to Rs 2,700 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Sivarajapuram (Huts) below this median.

• Sivaraman Street: Rs 6,600 per sq.ft (2024)
• Sivaprakasam Street: Rs 6,600 per sq.ft (2024)
• Sivaprakasam lane: Rs 6,600 per sq.ft (2024)
• Siyali Koil Lane: Rs 6,600 per sq.ft (2024)
• Siyali Koil Street: Rs 6,600 per sq.ft (2024)
• Smith Street: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivarajapuram (Huts)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. 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 details.

Which Sub Registrar Office covers Sivarajapuram (Huts)?

The Sub Registrar Office that covers Sivarajapuram (Huts) is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

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

The guideline value plays a critical role in the registration process when buying or selling property in Triplicane. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When a buyer and seller agree on a sale price, the registration office will assess the guideline value to ensure that the transaction is in line with the set standards. If the sale price is lower than the guideline value, the higher amount will be used for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Sivarajapuram (Huts)?

The current guideline value of Sivarajapuram (Huts) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an increase of 8%. From 2012 to 2024, the overall change is an increase of 8% as well.

Where can I find the Sub Registrar Office for Sivarajapuram (Huts)?

The Sub Registrar Office for Sivarajapuram (Huts) is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What are the stamp duty and registration fees for property in Sivarajapuram (Huts)?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

What is the land classification for Sivarajapuram (Huts)?

Sivarajapuram (Huts) is classified as Residential Special Type - V, which impacts its guideline value and usage.