Guideline Value for FOXEN 1st Street

FOXEN 1st Street guideline value

The current guideline value of FOXEN 1st Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Siruvallur village, under the Sembiam Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - II.

How the guideline value of FOXEN 1st Street has changed

The guideline value for FOXEN 1st Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 1,000 per sq.ft. This increased significantly to Rs 2,600 per sq.ft in 2012, marking a rise of 160%. However, it then decreased to Rs 1,742 per sq.ft in 2017, which represents a decline of 33%. Following this, the value rose sharply to Rs 2,600 per sq.ft in 2023, and then to Rs 2,800 per sq.ft in 2024, reflecting an increase of 8%.

The register has no figures for the years 2002 and 2003 for FOXEN 1st Street. Overall, from 2007 to 2024, the guideline value has increased by 180%.

Guideline values in Siruvallur

In Siruvallur village, 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, placing FOXEN 1st Street's 2024 figure above that median.

• FOXEN 1st Lane: Rs 2,200 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000. Together, these fees would total Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers FOXEN 1st Street?

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

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

The guideline value is a crucial factor in property transactions in Siruvallur. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when registering a property. The guideline value reflects the government’s valuation of the property, ensuring that the transaction is recorded accurately.

When buying or selling property, it is essential to be aware of the guideline value as it directly affects the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

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

The current guideline value of FOXEN 1st Street is Rs 2,800 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 2,800 per sq.ft in 2024, reflecting an overall increase of 180%.

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

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000, and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office covers FOXEN 1st Street?

The Sembiam Sub Registrar Office covers FOXEN 1st Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for FOXEN 1st Street?

The land classification for FOXEN 1st Street is Residential Class I Type - II.