Guideline Value

Corporate

Guideline Value for A.K.SWAMY 9TH STREET

₹7700/sq.ft.

The guideline value for A.k.swamy 9th 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 9th Street guideline value

The current guideline value of A.K.Swamy 9th 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 9th Street has changed

The guideline value for A.K.Swamy 9th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 1,800 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in 2012, but then saw a decrease to Rs 4,690 per sq.ft in 2017. Following this, the value rose to Rs 7,000 per sq.ft in 2023, and finally to Rs 7,700 per sq.ft in 2024. Notably, there are no figures available for the years 2002 and 2003 for this street.

Between the revisions, the changes are as follows: from 2007 to 2012, the value increased by 289%; however, it decreased by 33% from 2012 to 2017. The value then saw a substantial increase of 49% from 2017 to 2023, followed by a 10% increase from 2023 to 2024. 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, with a median value of Rs 5,500 per sq.ft. A.K.Swamy 9th Street's 2024 guideline value of Rs 7,700 per sq.ft is above this median.

Stamp duty and registration fee for property in A.K.Swamy 9th 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 cost for these fees 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 also use our stamp duty and registration fee calculator for precise calculations.

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

The Sub Registrar Office that covers A.K.Swamy 9th Street is 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 a critical factor in the registration process for property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with legal requirements during property transactions.

When a property is bought or sold, the guideline value helps in establishing a fair assessment for the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of A.K.Swamy 9th 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 seen several revisions, starting from Rs 1,800 per sq.ft in 2007, increasing to Rs 7,000 in 2012, then decreasing to Rs 4,690 in 2017. It rose again to Rs 7,000 in 2023 and is now Rs 7,700 in 2024.

What is the land classification of A.K.Swamy 9th Street?

A.K.Swamy 9th Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in A.K.Swamy 9th 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. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Purasaivakkam Sub Registrar Office covers A.K.Swamy 9th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.