Guideline Value

Corporate

Guideline Value for A.K.SWAMY 1st STREET

₹7700/sq.ft.

The guideline value for A.k.swamy 1st Street in Purasaivakkam village (Purasaivakkam SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Purasaivakkam

Village

Purasaivakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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A.K.SWAMY 1st STREET guideline value

The current guideline value of A.K.SWAMY 1st STREET is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of A.K.SWAMY 1st STREET has changed

The guideline value for A.K.SWAMY 1st STREET has undergone several revisions over the years. In 2007, the value was set at Rs 1,800 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012. However, this figure saw a decrease to Rs 4,690 per sq.ft in 2017. Following this, the value rose sharply to Rs 7,000 per sq.ft in 2023, and most recently, it has increased to Rs 7,700 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 328%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value for these streets is Rs 5,500 per sq.ft, indicating that A.K.SWAMY 1st STREET's 2024 figure is above this median.

Stamp duty and registration fee for property in A.K.SWAMY 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty, calculated at 7%, would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000. Together, these fees total Rs 6,93,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers A.K.SWAMY 1st STREET?

The Sub Registrar Office that covers A.K.SWAMY 1st STREET is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers should be aware that the guideline value is used to calculate these fees, which are mandatory for property registration.

Additionally, the guideline value helps ensure transparency in property transactions, as it provides a standardized measure of property worth within the region. This can aid both buyers and sellers in understanding the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of A.K.SWAMY 1st STREET?

The current guideline value of A.K.SWAMY 1st STREET is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,800 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 328% over this period.

What are the stamp duty and registration fees for A.K.SWAMY 1st STREET?

The stamp duty for a property valued at Rs 77,00,000 is Rs 5,39,000, while the registration fee is Rs 1,54,000, totaling Rs 6,93,000.

Which Sub Registrar Office is associated with A.K.SWAMY 1st STREET?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, covers A.K.SWAMY 1st STREET.

What is the land classification for A.K.SWAMY 1st STREET?

A.K.SWAMY 1st STREET is classified as Residential Class II Type - I, indicating its designation for residential use.