Guideline Value for Sivasubramaniyam Street

Sivasubramaniyam Street guideline value

The current guideline value of Sivasubramaniyam Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sivasubramaniyam Street has changed

The guideline value for Sivasubramaniyam Street has seen several revisions over the years. The earliest available figure is from 2007, where the value was Rs 200 per sq.ft. This increased to Rs 500 per sq.ft in 2012, marking a significant rise of 150%. However, by 2017, the value dropped to Rs 335 per sq.ft, a decrease of 33%. The value then rose to Rs 500 per sq.ft in 2023, followed by a further increase to Rs 550 per sq.ft in 2024, which is a 10% rise.

In summary, from 2007 to 2024, the overall increase in the guideline value is 175%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that Sivasubramaniyam Street's current value is below this median.

• Skp - Nagar: Rs 879 per sq.ft (2024)
• Sowbhagyam Nagar: Rs 879 per sq.ft (2024)
• Sozhan Street: Rs 1,100 per sq.ft (2024)
• Sir.C.V.Raman Street: Rs 1,100 per sq.ft (2024)
• Sree Thirumalai Nagar: Rs 879 per sq.ft (2024)
• Siddi Vinayagar Kovil Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasubramaniyam Street

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. 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 Sivasubramaniyam Street?

The Sub Registrar Office that covers Sivasubramaniyam Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Periyakuppam. It is used to determine the stamp duty and registration fees, which are essential costs associated with property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is compared with the sale price. The higher of the two is taken into account for calculating the applicable duties and fees, ensuring that all transactions adhere to the established regulations.

Frequently asked questions

What is the current guideline value of Sivasubramaniyam Street?

The current guideline value of Sivasubramaniyam Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 175% over this period.

What is the median guideline value in Periyakuppam?

The median guideline value for the streets in Periyakuppam is Rs 1,100 per sq.ft, which is higher than the current value of Sivasubramaniyam Street.

What are the stamp duty rates for properties in Sivasubramaniyam Street?

The stamp duty rate for properties in Sivasubramaniyam Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sivasubramaniyam Street?

The Sub Registrar Office for Sivasubramaniyam Street is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.