Guideline Value for FOXEN 1st Lane

FOXEN 1st Lane guideline value

The current guideline value of FOXEN 1st Lane in Siruvallur village is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Sembiam SRO and is classified as Residential Class II Type - II.

How the guideline value of FOXEN 1st Lane has changed

The guideline value for FOXEN 1st Lane has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a 33% drop. The following revision in 2023 brought the value back up to Rs 2,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,200 per sq.ft, a 10% increase from the previous year.

There are no registered figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Siruvallur

In Siruvallur, there are 86 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,900 per sq.ft, making the 2024 value for FOXEN 1st Lane above this median.

• FOXEN 1st Street: Rs 2,800 per sq.ft (2024)
• FOXEN 2nd Lane: Rs 2,200 per sq.ft (2024)
• FOXEN 2nd Street: Rs 2,800 per sq.ft (2024)
• FOXEN Street APPARTMENTS: Rs 2,800 per sq.ft (2024)
• Francis Street: Rs 1,900 per sq.ft (2024)
• Govardhan Doss Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in FOXEN 1st Lane

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers FOXEN 1st Lane?

The Sub Registrar Office that covers FOXEN 1st Lane is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Siruvallur

The guideline value plays a crucial role in the registration process when buying or selling property in Siruvallur. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory expenses in any property transaction.

When a buyer or seller approaches the registration office, the guideline value is considered to ensure that the transaction is recorded accurately. It helps maintain transparency and consistency in property dealings within the area.

Frequently asked questions

What is the current guideline value of FOXEN 1st Lane?

The current guideline value of FOXEN 1st Lane is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting a 120% increase overall.

What is the median guideline value for streets in Siruvallur?

The median guideline value for the 86 streets in Siruvallur is Rs 1,900 per sq.ft as of 2024.

What are the stamp duty and registration fees for properties in FOXEN 1st Lane?

For a 1,000 sq.ft property at Rs 2,200 per sq.ft, the total stamp duty and registration fees would amount to Rs 1,98,000.

Where is the Sub Registrar Office for FOXEN 1st Lane located?

The Sub Registrar Office for FOXEN 1st Lane is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.