Guideline Value

Corporate

Guideline Value for A.K.SWAMY 9TH STREET 1ST LANE

₹7100/sq.ft.

The guideline value for A.k.swamy 9th Street 1st Lane in Purasaivakkam village (Purasaivakkam SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Purasaivakkam

Village

Purasaivakkam

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /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]
Records for a plot on A.k.swamy 9th Street 1st Lane

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A.K.Swamy 9th Street 1st Lane guideline value

The current guideline value of A.K.Swamy 9th Street 1st Lane is Rs 7,100 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 - III.

How the guideline value of A.K.Swamy 9th Street 1st Lane has changed

The guideline value for A.K.Swamy 9th Street 1st Lane has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 1,800 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in 2012, marking a 261% rise. However, it then decreased to Rs 4,355 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase to Rs 6,500 per sq.ft in 2023, followed by a further rise to Rs 7,100 per sq.ft in 2024, reflecting a change of 9% between these two years.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 294%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO, with guideline values 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 2024 figure for A.K.Swamy 9th Street 1st Lane above this median.

Stamp duty and registration fee for property in A.K.Swamy 9th Street 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers A.K.Swamy 9th Street 1st Lane?

The A.K.Swamy 9th Street 1st Lane is covered by 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 component in property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum price at which properties can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, preventing undervaluation.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A.K.Swamy 9th Street 1st Lane?

The current guideline value of A.K.Swamy 9th Street 1st Lane is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 294% over the years.

What is the stamp duty for property in A.K.Swamy 9th Street 1st Lane?

The stamp duty for property in A.K.Swamy 9th Street 1st Lane is 7% of the guideline value or sale price, whichever is higher.

Where is the Purasaivakkam Sub Registrar Office located?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum price for property registration and to calculate the stamp duty and registration fees during property transactions.