Guideline Value for Sivashanmugam Nagar Annex

Sivashanmugam Nagar Annex guideline value

The current guideline value for Sivashanmugam Nagar Annex is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Puthuper village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sivashanmugam Nagar Annex has changed

The guideline value for Sivashanmugam Nagar Annex has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was decreased to Rs 268 per sq.ft, before returning to Rs 400 per sq.ft in the 2023 revision. The 2024 revision also maintains this value at Rs 400 per sq.ft, reflecting a 0% change from the previous year.

Looking at the changes between revisions, from 2017 to 2023, there was a significant increase of 49%. The overall change from the 2012 revision to the 2024 revision shows no increase, remaining at Rs 400 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthuper

Puthuper village has a total of 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 for these streets is Rs 400 per sq.ft, which is the same as the guideline value for Sivashanmugam Nagar Annex.

• Sivashanmugam Nagar: Rs 400 per sq.ft (2024)
• Sivashanmugam Nagar Annex-III: 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

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 cost for these fees 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 for further assistance.

Which Sub Registrar Office covers Sivashanmugam Nagar Annex?

The Sivashanmugam Nagar Annex is covered by 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 plays a crucial role in property transactions in Puthuper. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Sivashanmugam Nagar Annex?

The current guideline value for Sivashanmugam Nagar Annex 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 from 2012 to 2024, with a significant increase of 49% from 2017 to 2023.

What is the land classification for Sivashanmugam Nagar Annex?

The land classification for Sivashanmugam Nagar Annex is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value is Rs 4,00,000, leading to specific fees based on that amount.