Guideline Value for Sivayogam Nagar

Sivayogam Nagar guideline value

The current guideline value of Sivayogam Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Ponthoor village and falls under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Sivayogam Nagar has changed

The guideline value for Sivayogam Nagar has experienced several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 100 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 201 per sq.ft in 2017, a drop of 33%. From 2017 to 2023, the value rose to Rs 300 per sq.ft, reflecting a 49% increase. The current guideline value remains at Rs 300 per sq.ft as of the 2024 revision, showing no change from the previous year.

It is important to note that there are no recorded figures for Sivayogam Nagar in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Ponthoor

Ponthoor village has 79 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Sivayogam Nagar's guideline value at the median level. The following are other streets in Ponthoor:

• Sps Nagar: Rs 600 per sq.ft (2024)
• Sree Balaji Nagar: Rs 1,195 per sq.ft (2024)
• Shanthi Avenue: Rs 448 per sq.ft (2024)
• Sevvanthipoo Street: Rs 300 per sq.ft (2024)
• Sevvalli Poo Street: Rs 300 per sq.ft (2024)
• Seshadri Nagar: Rs 709 per sq.ft (2024)

Stamp duty and registration fee for property in Sivayogam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. 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 more details.

Which Sub Registrar Office covers Sivayogam Nagar?

The Sub Registrar Office that covers Sivayogam Nagar 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 Ponthoor

The guideline value plays a crucial role in the registration process of property transactions in Ponthoor. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the government and reflects the market conditions for different areas.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. This ensures that the transaction is transparent and that the applicable taxes are correctly calculated based on the guideline value.

Frequently asked questions

What is the current guideline value of Sivayogam Nagar?

The current guideline value of Sivayogam Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017. It rose to Rs 300 per sq.ft in 2023 and remains the same in 2024.

What are the other streets in Ponthoor with their guideline values?

Other streets in Ponthoor include Sps Nagar at Rs 600 per sq.ft, Sree Balaji Nagar at Rs 1,195 per sq.ft, and Shanthi Avenue at Rs 448 per sq.ft, among others.

How is stamp duty calculated in Sivayogam Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 300 per sq.ft, the total guideline value is Rs 3,00,000, leading to a stamp duty of Rs 21,000.

Where can I find the Sub Registrar Office for Sivayogam Nagar?

The Sub Registrar Office for Sivayogam Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details by visiting the relevant link.