Guideline Value for Sivarajapuram 4th stret

Sivarajapuram 4th stret guideline value

The current guideline value of Sivarajapuram 4th stret is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO, classified as Residential Class IV Type - I.

How the guideline value of Sivarajapuram 4th stret has changed

Over the years, the guideline value of Sivarajapuram 4th stret 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, marking a rise of 317%. However, the value then decreased to Rs 1,675 per sq.ft in the 2017 revision, reflecting a drop of 33%. The value surged again to Rs 2,500 per sq.ft in 2023, and finally reached Rs 2,700 per sq.ft in the 2024 revision, an increase of 8% from the previous year. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 350%, demonstrating significant fluctuations over the years.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft, with a median value of Rs 4,800 per sq.ft. The guideline value of Sivarajapuram 4th stret is below this median.

• Sivarajapuram 4th lane: Rs 2,700 per sq.ft (2024)
• Sivarajapuram 5th Street: Rs 2,700 per sq.ft (2024)
• Sivarajapuram 3rd street: Rs 2,700 per sq.ft (2024)
• Sivarajapuram cross lane: Rs 2,700 per sq.ft (2024)
• Sivarajapuram 3rd lane: Rs 2,700 per sq.ft (2024)
• Sivarajapuram 2nd lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sivarajapuram 4th stret

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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivarajapuram 4th stret?

The Sub Registrar Office that covers Sivarajapuram 4th stret is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more assistance.

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

The guideline value plays a crucial role in property transactions in Vepery. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the taxes are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Understanding the guideline value can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Sivarajapuram 4th stret?

The current guideline value of Sivarajapuram 4th stret is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 350% over the years.

What are the stamp duty and registration fees for property in Sivarajapuram 4th stret?

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.

Which Sub Registrar Office covers Sivarajapuram 4th stret?

The Periamet Sub Registrar Office covers Sivarajapuram 4th stret, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification of Sivarajapuram 4th stret?

Sivarajapuram 4th stret is classified as Residential Class IV Type - I, indicating its designation for residential use.