Guideline Value for Sivashanmugam Nagar Annex-III

Sivashanmugam Nagar Annex-III guideline value

The current guideline value of Sivashanmugam Nagar Annex-III is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Puthuper village under the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of Sivashanmugam Nagar Annex-III has changed

The guideline value for Sivashanmugam Nagar Annex-III has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% back to Rs 400 per sq.ft, and it has remained the same through the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Thus, the guideline value has seen a fluctuation from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, and then back to Rs 400 per sq.ft in 2023 and 2024, resulting in an overall change of 0% from 2012 to 2024.

Guideline values in Puthuper

Puthuper village has 39 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,350 per sq.ft. The median value is Rs 400 per sq.ft, which is the same as the guideline value for Sivashanmugam Nagar Annex-III.

• Sivashanmugam Nagar Annex: Rs 400 per sq.ft (2024)
• Sivashanmugam Nagar: Rs 400 per sq.ft (2024)
• Sri Ganapathy Garden: Rs 400 per sq.ft (2024)
• Sekar Avenue: Rs 410 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 400 per sq.ft (2024)
• Sriram Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sivashanmugam Nagar Annex-III

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. 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 to get an estimate for your property transactions.

Which Sub Registrar Office covers Sivashanmugam Nagar Annex-III?

The Sub Registrar Office that covers Sivashanmugam Nagar Annex-III is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Puthuper, as it determines the amount of stamp duty and registration fees that need to be paid. Buyers and sellers must refer to the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable duties. It is essential for both parties to be aware of this value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Sivashanmugam Nagar Annex-III?

The current guideline value of Sivashanmugam Nagar Annex-III is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, decreased to Rs 268 per sq.ft in 2017, and then increased back to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification of Sivashanmugam Nagar Annex-III?

Sivashanmugam Nagar Annex-III is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Sivashanmugam Nagar Annex-III?

The Sub Registrar Office for Sivashanmugam Nagar Annex-III is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for property in Sivashanmugam Nagar Annex-III?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000, leading to a stamp duty of Rs 28,000.