Guideline Value for A.K.SWAMY 6TH STREET

A.K.Swamy 6th Street guideline value

The current guideline value for A.K.Swamy 6th 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 6th Street has changed

The guideline value for A.K.Swamy 6th Street has seen several revisions over the years. In 2007, the value was set at Rs 1,800 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in 2012, marking a rise of 289%. However, from 2012 to 2017, the value decreased to Rs 4,690 per sq.ft, reflecting a decline of 33%. The value then increased to Rs 7,000 per sq.ft in 2023, a rise of 49%. The latest revision in 2024 set the guideline value at Rs 7,700 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figure for A.K.Swamy 6th Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 328%.

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 value for these streets is Rs 5,500 per sq.ft, placing A.K.Swamy 6th Street's 2024 figure above the median.

• A.K.Swamy 5th Street: Rs 7,700 per sq.ft (2024)
• A.K.Swamy 7th Street: Rs 7,700 per sq.ft (2024)
• A.K.Swamy 4th Street: Rs 7,700 per sq.ft (2024)
• A.K.Swamy 8th Street: Rs 7,700 per sq.ft (2024)
• A.K.Swamy 3rd Street: Rs 7,700 per sq.ft (2024)
• A.K.Swamy 9th Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in A.K.Swamy 6th 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 charges to 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 details.

Which Sub Registrar Office covers A.K.Swamy 6th Street?

A.K.Swamy 6th Street falls under the jurisdiction of 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 during the registration of property transactions in Purasaivakkam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is in compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. The guideline value serves as a benchmark for the minimum value at which a property can be registered.

Frequently asked questions

What is the current guideline value of A.K.Swamy 6th Street?

The current guideline value of A.K.Swamy 6th 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, marking an overall increase of 328%.

What are the stamp duty and registration fees for property in A.K.Swamy 6th Street?

The stamp duty for a property valued at Rs 77,00,000 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 6th Street?

The Sub Registrar Office that covers A.K.Swamy 6th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for A.K.Swamy 6th Street?

A.K.Swamy 6th Street is classified as Residential Class II Type - I.