Guideline Value for A.K.SWAMY 4TH STREET

A.K.Swamy 4th Street guideline value

The current guideline value of A.K.Swamy 4th Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of A.K.Swamy 4th Street has changed

The guideline value for A.K.Swamy 4th Street has seen several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012. However, it decreased to Rs 4,690 per sq.ft in 2017. The value then rose to Rs 7,000 per sq.ft in 2023, and currently stands at Rs 7,700 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a 49% increase, followed by a 10% rise from 2023 to 2024. The overall change from 2007 to 2024 reflects a substantial increase of 328%. The fluctuations in the guideline value indicate the changes in the real estate landscape in the area over the years.

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 in this area is Rs 5,500 per sq.ft, making the current value of A.K.Swamy 4th Street above the median.

• A.K.Swamy 3rd Street: Rs 7,700 per sq.ft (2024)
• A.K.Swamy 5th Street: Rs 7,700 per sq.ft (2024)
• A.K.Swamy 2nd Street: Rs 7,700 per sq.ft (2024)
• A.K.Swamy 6th Street: Rs 7,700 per sq.ft (2024)
• A.K.Swamy 1st Street: Rs 7,700 per sq.ft (2024)
• A.K.Swamy 7th Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in A.K.Swamy 4th Street

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

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers A.K.Swamy 4th Street?

The A.K.Swamy 4th Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value is an essential factor when registering a property in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction process.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is crucial to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of A.K.Swamy 4th Street?

The current guideline value of A.K.Swamy 4th 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 increased from Rs 1,800 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting a total increase of 328% over the years.

What are the stamp duty and registration fees for properties in A.K.Swamy 4th Street?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which Sub Registrar Office covers A.K.Swamy 4th Street?

The Purasaivakkam Sub Registrar Office covers A.K.Swamy 4th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the median guideline value in Purasaivakkam?

The median guideline value in Purasaivakkam is Rs 5,500 per sq.ft, with A.K.Swamy 4th Street's current value being above this median.