Guideline Value

Corporate

Guideline Value for A.K.SWAMY 5TH STREET

₹7700/sq.ft.

The guideline value for A.k.swamy 5th 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 5th Street guideline value

The current guideline value of A.K.Swamy 5th Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village under the Purasaivakkam SRO, classified as Residential Class II Type - I.

How the guideline value of A.K.Swamy 5th Street has changed

The guideline value for A.K.Swamy 5th 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, this figure dropped to Rs 4,690 per sq.ft in 2017. The following revision in 2023 raised it to Rs 7,000 per sq.ft, and the most recent revision in 2024 set it at Rs 7,700 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 10%. Notably, the overall increase from 2007 to 2024 is 328%, highlighting significant changes 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, with a median value of Rs 5,500 per sq.ft. A.K.Swamy 5th Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in A.K.Swamy 5th 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 at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total fees to Rs 6,93,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers A.K.Swamy 5th Street?

The Sub Registrar Office that covers A.K.Swamy 5th 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 plays a crucial role when buying or selling property in Purasaivakkam. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When registering a property, it is essential to ensure that the guideline value is accurately reflected in all documentation. This helps in avoiding any legal issues and ensures a smooth transfer of ownership.

Frequently asked questions

What is the current guideline value of A.K.Swamy 5th Street?

The current guideline value of A.K.Swamy 5th 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 undergone several revisions, increasing from Rs 1,800 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, with notable increases and decreases in between.

What is the stamp duty for property in A.K.Swamy 5th Street?

The stamp duty for property in A.K.Swamy 5th Street is calculated at 7% of the guideline value. For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000.

Which office handles property registrations in Purasaivakkam?

The Purasaivakkam Sub Registrar Office handles property registrations in Purasaivakkam. It is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the significance of the guideline value?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that the property is valued correctly for legal and taxation purposes.