Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Sivarajapuram 1st lane

₹2700/sq.ft.

The guideline value for Sivarajapuram 1st Lane in Vepery village (Periamet SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vepery

Village

Periamet

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
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)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Sivarajapuram 1st Lane

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sivarajapuram 1st lane guideline value

The current guideline value of Sivarajapuram 1st lane is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, under the Periamet Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - I.

How the guideline value of Sivarajapuram 1st lane has changed

Over the years, the guideline value of Sivarajapuram 1st lane has seen several revisions. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, there was a decrease to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value rose sharply to Rs 2,500 per sq.ft in 2023, and most recently, it has increased to Rs 2,700 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents an 8% increase. Notably, the value rose by 317% from 2007 to 2012, and overall, from 2007 to 2024, there has been a substantial increase of 350% in the guideline value.

Guideline values in Vepery

In Vepery village, there are 290 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 4,800 per sq.ft, placing Sivarajapuram 1st lane's 2024 figure below that median.

Stamp duty and registration fee for property in Sivarajapuram 1st lane

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 charges 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivarajapuram 1st lane?

The Sub Registrar Office that covers Sivarajapuram 1st lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vepery, as it determines the minimum value at which a property can be registered. When buying or selling property, it is essential to refer to the current guideline value to ensure compliance with registration norms.

Additionally, the stamp duty and registration fees are calculated based on the guideline value, which can significantly impact the overall cost of the transaction. Therefore, understanding the guideline value is vital for both buyers and sellers in the area.

Frequently asked questions

What is the current guideline value of Sivarajapuram 1st lane?

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

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 600 per sq.ft to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 350% over this period.

Where can I find the registration office for Sivarajapuram 1st lane?

The registration office for Sivarajapuram 1st lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What are the stamp duty rates for properties in Sivarajapuram 1st lane?

The stamp duty for properties in Sivarajapuram 1st lane is charged at 7% of the guideline value or sale price, whichever is higher.

How can I calculate the total registration fees?

The total registration fees can be calculated based on the guideline value, which includes a stamp duty of 7% and a registration fee of 2%. You can use our stamp duty and registration fee calculator for assistance.