Guideline Value for Sivasankaran Street, Periyar Nagar

Sivasankaran Street, Periyar Nagar guideline value

The current guideline value of Sivasankaran Street, Periyar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

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

The guideline value for Sivasankaran Street has seen significant changes over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, and the latest revision in 2024 raised it to Rs 1,980 per sq.ft, marking an increase of 64%. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002.

From 2017 to 2024, the increase in guideline value indicates a notable shift. The previous figures reflect the gradual changes in property valuation, but without specific numbers for earlier revisions, the 2017 to 2024 change is the most significant documented increase.

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 value for these streets is Rs 2,090 per sq.ft, placing Sivasankaran Street, Periyar Nagar below the median.

• Sivasankaran Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Sivasankaran Street, Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• Sivasankaran Nagar, Cross Street: Rs 1,980 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 Street, Periyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. 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 Sivasankaran Street, Periyar Nagar?

The Sivasankaran Street, Periyar Nagar falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sivasankaran Street, Periyar Nagar?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, representing a 64% increase. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, which is higher than the current value of Sivasankaran Street, Periyar Nagar.

What are the stamp duty and registration fees for property in Sivasankaran Street, Periyar Nagar?

For a 1,000 sq.ft plot valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sivasankaran Street, Periyar Nagar located?

The Sub Registrar Office for Sivasankaran Street, Periyar Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.