Guideline Value for Sivasankaran Street, Thiruvalluvar Nagar

Sivasankaran Street, Thiruvalluvar Nagar guideline value

The current guideline value of Sivasankaran Street, Thiruvalluvar Nagar is Rs 2,475 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 I Type - II.

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

The guideline value for Sivasankaran Street, Thiruvalluvar Nagar has undergone several revisions. The oldest available revision is from 2017, where the guideline value was Rs 1,507 per sq.ft. The most recent revision in 2024 set the value at Rs 2,475 per sq.ft, representing an increase of 64% from the 2017 figure.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only significant changes noted are between the 2017 and 2024 revisions.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 2,090 per sq.ft, placing Sivasankaran Street, Thiruvalluvar Nagar above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total cost for these fees to Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sivasankaran Street, Thiruvalluvar Nagar?

The Sivasankaran Street, Thiruvalluvar Nagar is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pammal

The guideline value plays a crucial role in the registration process of property transactions in Pammal. It determines the minimum value at which properties can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is taken into account to assess the applicable fees. Buyers should be aware that the registration process will require payment of stamp duty based on the higher of the guideline value or the sale price.

Frequently asked questions

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

The current guideline value of Sivasankaran Street, Thiruvalluvar Nagar is Rs 2,475 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 1,507 per sq.ft to Rs 2,475 per sq.ft, marking a change of 64%.

Are there any revisions without figures for this street?

Yes, the revisions for the years 2023, 2012, 2007, 2003, and 2002 do not have any figures available for Sivasankaran Street, Thiruvalluvar Nagar.

What are the registration fees based on the guideline value?

The registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a stamp duty of Rs 1,73,250 and a registration fee of Rs 49,500.

Which Sub Registrar Office handles the registration for this street?

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