Guideline Value for FOXEN Street APPARTMENTS

FOXEN Street APPARTMENTS guideline value

The current guideline value for FOXEN Street APPARTMENTS is Rs 2,800 per sq.ft, effective from 1 July 2024. This property is located in Siruvallur village under the Sembiam SRO, classified as Residential Class I Type - II.

How the guideline value of FOXEN Street APPARTMENTS has changed

Over the years, the guideline value for FOXEN Street APPARTMENTS has seen significant changes. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 2,600 per sq.ft in 2012. However, this figure dropped to Rs 1,742 per sq.ft in 2017. The 2023 revision set the value at Rs 2,600 per sq.ft, which then rose to Rs 2,800 per sq.ft in 2024, marking an 8% increase.

From 2007 to 2024, the overall increase in guideline value is 180%. The changes between the revisions show a 160% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017, and a substantial increase of 49% from 2017 to 2023.

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 Street APPARTMENTS is above this median.

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

Stamp duty and registration fee for property in FOXEN Street APPARTMENTS

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling 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 use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers FOXEN Street APPARTMENTS?

The Sembiam Sub Registrar Office covers FOXEN Street APPARTMENTS, 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 property transactions in Siruvallur. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing or selling property, it is essential to consult the guideline value to ensure compliance with local regulations. Understanding the guideline value helps in accurately estimating the financial obligations associated with property transactions.

Frequently asked questions

What is the current guideline value for FOXEN Street APPARTMENTS?

The current guideline value for FOXEN Street APPARTMENTS 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, marking an overall increase of 180%.

What are the other streets with guideline values in Siruvallur?

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

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 28,00,000, the total fees would be Rs 2,52,000.

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

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further details.