Guideline Value

Corporate

Guideline Value for A.K.SWAMY 9TH STREET 2ND LANE

₹7100/sq.ft.

The guideline value for A.k.swamy 9th Street 2nd 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 2nd Lane

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A.K.Swamy 9th Street 2nd Lane guideline value

The current guideline value for A.K.Swamy 9th Street 2nd 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 2nd Lane has changed

The guideline value for A.K.Swamy 9th Street 2nd Lane has seen several revisions over the years. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012. However, this value decreased by 33% to Rs 4,355 per sq.ft in the 2017 revision. The 2023 revision marked a notable increase to Rs 6,500 per sq.ft, followed by a further increase of 9% to the current value of Rs 7,100 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The overall change from the 2007 revision to the 2024 revision reflects a substantial increase of 294%. It is important to note that there are no figures available for the revisions in 2002 and 2003 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, with a median value of Rs 5,500 per sq.ft. A.K.Swamy 9th Street 2nd Lane's 2024 guideline value is above this median.

Stamp duty and registration fee for property in A.K.Swamy 9th Street 2nd Lane

For a 1,000 sq.ft plot at the current rate of Rs 7,100 per sq.ft, the guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, totaling Rs 6,39,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.K.Swamy 9th Street 2nd Lane?

The Sub Registrar Office that covers A.K.Swamy 9th Street 2nd Lane 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 during property registration in Purasaivakkam. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory when transferring property ownership. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the government receives appropriate revenue from property transactions, reflecting the prevailing market conditions.

Frequently asked questions

What is the current guideline value for A.K.Swamy 9th Street 2nd Lane?

The current guideline value for A.K.Swamy 9th Street 2nd 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 increased 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 this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at the current guideline value of Rs 71,00,000, the stamp duty is Rs 4,97,000 and the registration fee is Rs 1,42,000, totaling Rs 6,39,000.

Which office handles property registrations for A.K.Swamy 9th Street 2nd Lane?

The Purasaivakkam Sub Registrar Office handles property registrations for A.K.Swamy 9th Street 2nd Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring compliance with local regulations and reflecting the minimum registration price.