Guideline Value for Siyan Nagar

Siyan Nagar guideline value

The current guideline value of Siyan Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Manimangalam A village, under the Padappai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Siyan Nagar has changed

The guideline value for Siyan Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Siyan Nagar's 2024 figure below this median.

• Sri Ambal Nagar: Rs 880 per sq.ft (2024)
• Sri Aravindhar City: Rs 770 per sq.ft (2024)
• Sri Astalakshmi Nagar: Rs 770 per sq.ft (2024)
• Sri Astalakshmi Nagar Extension: Rs 770 per sq.ft (2024)
• Shiva Garden: Rs 880 per sq.ft (2024)
• Sri Gajalakshmi Nagar Annex I to III: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Siyan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Siyan Nagar?

The Sub Registrar Office covering Siyan Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Manimangalam A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official value assigned to the property. This value is essential for calculating the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Siyan Nagar?

The current guideline value of Siyan Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, marking a total increase of 64% over these years.

What is the stamp duty rate for property in Siyan Nagar?

The stamp duty rate for property transactions in Siyan Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the guideline values of other streets in Manimangalam A?

Other streets in Manimangalam A have varying guideline values. For example, Sri Ambal Nagar has a guideline value of Rs 880 per sq.ft, while Sri Aravindhar City, Sri Astalakshmi Nagar, and Sri Astalakshmi Nagar Extension all have a guideline value of Rs 770 per sq.ft.