Guideline Value for FOXEN 2nd Lane

FOXEN 2nd Lane guideline value

The current guideline value of FOXEN 2nd Lane, located in Siruvallur village, is Rs 2,200 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - II land classification and is registered with the Sembiam Sub Registrar Office (SRO).

How the guideline value of FOXEN 2nd Lane has changed

The guideline value for FOXEN 2nd 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, it then decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. Following this, the value surged to Rs 2,000 per sq.ft in 2023, reflecting a significant increase of 49%. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no 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 with 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 2nd Lane's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to 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 the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers FOXEN 2nd Lane?

The FOXEN 2nd Lane is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Siruvallur. It is used to determine the stamp duty and registration fees that must be paid during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of FOXEN 2nd Lane?

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

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,000 per sq.ft to Rs 2,200 per sq.ft in 2024, representing an overall increase of 120%.

What is the registration office for FOXEN 2nd Lane?

The registration office for FOXEN 2nd Lane is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What are the stamp duty and registration fees for a property in FOXEN 2nd Lane?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where can I find more information about guideline values in Siruvallur?

You can find more information about guideline values in Siruvallur by checking the local registration department's guideline value register or visiting the Sembiam SRO.