Guideline Value for Sivasangaran Street

Sivasangaran Street guideline value

The current guideline value of Sivasangaran Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village, under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sivasangaran Street has changed

The guideline value for Sivasangaran Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in 2017, marking a decline of 33%. However, the guideline value rebounded significantly to Rs 1,800 per sq.ft in the 2023 revision, and further increased by 10% to Rs 1,980 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for Sivasangaran Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Sivasangaran Street's 2024 figure above that median.

• Sivagami street: Rs 1,650 per sq.ft (2024)
• Silappadhigara Street: Rs 1,980 per sq.ft (2024)
• Silappadhigara Cross Street: Rs 1,980 per sq.ft (2024)
• Shankar Street: Rs 1,650 per sq.ft (2024)
• Senthil Murugan Street: Rs 1,980 per sq.ft (2024)
• Senbagam Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasangaran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total charges to Rs 1,78,200. It is important to note that 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 Sivasangaran Street?

Sivasangaran Street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Peerklankaranai. It serves as a benchmark for assessing the value of the property and determining the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in real estate dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sivasangaran Street?

The current guideline value of Sivasangaran Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What are the other streets in Peerklankaranai with their guideline values?

Other streets in Peerklankaranai include Sivagami street at Rs 1,650 per sq.ft, Silappadhigara Street at Rs 1,980 per sq.ft, and several others with varying values.

What is the registration fee for properties in Sivasangaran Street?

The registration fee for properties in Sivasangaran Street is calculated based on the guideline value. For example, a property valued at Rs 19,80,000 would incur a registration fee of Rs 39,600 at 2%.

Which office handles the registration for Sivasangaran Street?

The registration for Sivasangaran Street is handled by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.