Guideline Value for STWERDPETTAI 1ST LINE

Stwerdpettai 1st Line guideline value

The current guideline value of Stwerdpettai 1st Line is Rs 1,099 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class I Type - I.

How the guideline value of Stwerdpettai 1st Line has changed

The guideline value for Stwerdpettai 1st Line has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 670 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 sees the guideline value further increase to Rs 1,099 per sq.ft, which is a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Stwerdpettai 1st Line's 2024 figure above this median.

• Stwerdpettai 2nd Street: Rs 1,099 per sq.ft (2024)
• Subramaniam Maistry Street: Rs 825 per sq.ft (2024)
• Subramanianagar 5th Street: Rs 1,099 per sq.ft (2024)
• Subramaniapuram: Rs 825 per sq.ft (2024)
• Subramnia Nagar 1st Street: Rs 1,099 per sq.ft (2024)
• Subramnia Nagar 2nd Street: Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in Stwerdpettai 1st Line

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the total guideline value would be Rs 10,99,000. The stamp duty at 7% would amount to Rs 76,930, and the registration fee at 2% would be Rs 21,980, totaling Rs 98,910. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Stwerdpettai 1st Line?

The Sub Registrar Office covering Stwerdpettai 1st Line is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. For more information, you can find your SRO.

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

When buying or selling property in Tiruttani, the guideline value plays a crucial role in determining the stamp duty and registration fees. Buyers must pay these fees based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

The guideline value is also used as a reference point for property valuation during registration. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Stwerdpettai 1st Line?

The current guideline value of Stwerdpettai 1st Line is Rs 1,099 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,099 per sq.ft in 2024. This represents a total increase of 64% over the seven years.

What is the stamp duty rate for property in Stwerdpettai 1st Line?

The stamp duty rate for property transactions in Stwerdpettai 1st Line is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Stwerdpettai 1st Line located?

The Sub Registrar Office for Stwerdpettai 1st Line is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What are the guideline values of other streets in Tiruttani?

Other streets in Tiruttani have varying guideline values. For example, Stwerdpettai 2nd Street and Subramania Nagar 1st Street both have a guideline value of Rs 1,099 per sq.ft, while Subramaniam Maistry Street and Subramaniapuram have a value of Rs 825 per sq.ft.