Guideline Value for FOXEN 2nd Street

FOXEN 2nd Street guideline value

The current guideline value of FOXEN 2nd Street in Siruvallur village, under the Sembiam SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - II land classification.

How the guideline value of FOXEN 2nd Street has changed

Since its revision history, the guideline value for FOXEN 2nd Street has seen several changes. The 2007 revision recorded a guideline value of Rs 1,000 per sq.ft, which increased significantly to Rs 2,600 per sq.ft in 2012, marking a 160% rise. However, the value then decreased to Rs 1,742 per sq.ft in 2017, reflecting a decline of 33%. The guideline value saw a substantial increase of 49% to Rs 2,600 per sq.ft in 2023, and further rose by 8% to the current value of Rs 2,800 per sq.ft in 2024.

The register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 180%.

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, with a median value of Rs 1,900 per sq.ft. FOXEN 2nd Street's guideline value of Rs 2,800 per sq.ft is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, while the registration fee at 2% would be Rs 56,000, bringing the total to 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.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers FOXEN 2nd Street?

The Sub Registrar Office that covers FOXEN 2nd Street is 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 is a crucial factor in property transactions in Siruvallur, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to verify the current guideline value to ensure compliance with registration requirements. This value not only influences the transaction costs but also serves as a benchmark for property valuations in the area.

Frequently asked questions

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

The current guideline value of FOXEN 2nd 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 significantly from Rs 1,000 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 180% over this period.

What are the other streets with guideline values in Siruvallur?

Other streets in Siruvallur include FOXEN 2nd Lane at Rs 2,200 per sq.ft, FOXEN Street APPARTMENTS at Rs 2,800 per sq.ft, and FOXEN 1st Street at Rs 2,800 per sq.ft, among others.

How is stamp duty calculated for properties in FOXEN 2nd Street?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000.

Where can I find the Sub Registrar Office for FOXEN 2nd Street?

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