Guideline Value for Sivasankaran Nagar ,Cross Street

Sivasankaran Nagar ,Cross Street guideline value

The current guideline value for Sivasankaran Nagar ,Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Sivasankaran Nagar ,Cross Street has changed

In the 2017 revision, the guideline value was set at Rs 1,206 per sq.ft. With the latest 2024 revision, the value has increased to Rs 1,980 per sq.ft, marking a significant change of +64%. It is important to note that the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

From the 2017 revision to the 2024 revision, the guideline value reflects a considerable increase, indicating a shift in the valuation of properties in this area. The absence of figures in the previous revisions suggests a period of stability in the guideline value for Sivasankaran Nagar ,Cross Street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Sivasankaran Nagar ,Cross Street's 2024 figure below the median.

• Sivasankaran Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Sivasankaran Street, Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Sivasankaran Street, Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• S.K.P. Square: Rs 1,760 per sq.ft (2024)
• Sooran Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Singal Office West Street, Anna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasankaran Nagar ,Cross 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, making the total cost for these fees Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivasankaran Nagar ,Cross Street?

The Sivasankaran Nagar ,Cross 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 Pammal

The guideline value plays a crucial role in property transactions in Pammal. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Sivasankaran Nagar ,Cross Street?

The current guideline value for Sivasankaran Nagar ,Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft, which is a change of +64%.

Are there any years where no guideline value is available for this street?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Sivasankaran Nagar ,Cross Street.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal under the Pammal SRO is Rs 2,090 per sq.ft.

Which office handles registrations for Sivasankaran Nagar ,Cross Street?

The Pammal Sub Registrar Office handles registrations for Sivasankaran Nagar ,Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.