Guideline Value for Siyali amman Koil Street

Siyali amman Koil Street guideline value

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

How the guideline value of Siyali amman Koil Street has changed

The guideline value for Siyali amman Koil Street has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,400 per sq.ft in 2012, marking a 243% increase. However, from 2012 to 2017, the value decreased to Rs 1,608 per sq.ft, a decline of 33%. The value then rose to Rs 2,400 per sq.ft in 2023, reflecting a 49% increase from the previous figure. The latest revision in 2024 set the value at Rs 2,600 per sq.ft, an 8% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 271%.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that have 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 Street's 2024 guideline value is below this median.

• Siyali Amman Koil lane: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,600 per sq.ft, the total guideline value amounts to 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, totaling Rs 2,34,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Siyali amman Koil Street?

The Sub Registrar Office covering Siyali amman Koil Street 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 during the registration of property transactions in Chindadripet. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives revenue based on the property's assessed value.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This value is essential for legal compliance and to avoid any disputes during the transaction process.

Frequently asked questions

What is the current guideline value of Siyali amman Koil Street?

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

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 700 per sq.ft to Rs 2,600 per sq.ft in 2024, which is an overall increase of 271%.

What is the land classification for Siyali amman Koil Street?

Siyali amman Koil Street is classified as Residential Class III Type - III.

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

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 26,00,000, the stamp duty at 7% would be Rs 1,82,000.