Guideline Value for Siyali Amman Koil lane

Siyali Amman Koil lane guideline value

The current guideline value of Siyali Amman Koil lane is Rs 2,600 per sq.ft, effective from 1 July 2024. This lane is located in Chindadripet village and falls under the Periamet SRO, classified as Residential Class III Type - III.

How the guideline value of Siyali Amman Koil lane has changed

The guideline value for Siyali Amman Koil lane has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which saw a significant increase to Rs 2,400 per sq.ft in 2012, marking a rise of 300%. However, by 2017, the value decreased to Rs 1,608 per sq.ft, a drop of 33%. The value then increased substantially to Rs 2,400 per sq.ft in 2023, followed by another increase to the current Rs 2,600 per sq.ft in 2024, reflecting an 8% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 333%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft, with a median value of Rs 3,300 per sq.ft. Siyali Amman Koil lane's current guideline value is below this median.

• Siyali amman Koil Street: Rs 2,600 per sq.ft (2024)
• Singanna Chetty Street 3rd lane: Rs 3,300 per sq.ft (2024)
• Singanna Chetty Street 2nd lane: Rs 3,300 per sq.ft (2024)
• Singanna Chetty Street 1st lane: Rs 3,300 per sq.ft (2024)
• Singanna Chetty Street: Rs 6,600 per sq.ft (2024)
• Seshagiri Iyer street: Rs 2,600 per sq.ft (2024)

Stamp duty and registration fee for property in Siyali Amman Koil lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,600 per sq.ft, the total guideline value would be Rs 26,00,000. The stamp duty at 7% would be Rs 1,82,000, and the registration fee at 2% would be Rs 52,000, bringing the total to Rs 2,34,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Siyali Amman Koil lane?

The Sub Registrar Office that covers Siyali Amman Koil lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Chindadripet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

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

Frequently asked questions

What is the current guideline value of Siyali Amman Koil lane?

The current guideline value of Siyali Amman Koil lane is Rs 2,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 600 per sq.ft in 2007 to Rs 2,600 per sq.ft in 2024, representing an overall increase of 333%.

What are the other streets with guideline values in Chindadripet?

Other streets in Chindadripet include Siyali amman Koil Street and Singanna Chetty Street, with values ranging from Rs 2,600 to Rs 6,600 per sq.ft in 2024.

How is the stamp duty calculated for properties in Siyali Amman Koil lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,600 per sq.ft would incur a stamp duty of Rs 1,82,000.

Where can I find the Sub Registrar Office for Siyali Amman Koil lane?

The Sub Registrar Office for Siyali Amman Koil lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.