Guideline Value for STWERDPETTAI 2ND STREET

Stwerdpettai 2nd Street guideline value

The current guideline value of Stwerdpettai 2nd Street is Rs 1,099 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class I Type - I.

How the guideline value of Stwerdpettai 2nd Street has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This figure increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,099 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that have a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median value is Rs 825 per sq.ft, placing the 2024 guideline value of Stwerdpettai 2nd Street above this median.

• Stwerdpettai 1st Line: 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 2nd Street

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, bringing the total cost to Rs 98,910. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Stwerdpettai 2nd Street?

The Sub Registrar Office that covers Stwerdpettai 2nd Street 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. You can find your SRO for more information.

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

When buying or selling property in Tiruttani, the guideline value is a crucial factor in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

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

The current guideline value of Stwerdpettai 2nd Street is Rs 1,099 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,099 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property in Stwerdpettai 2nd Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 10,99,000. The stamp duty would be Rs 76,930, and the registration fee would be Rs 21,980, making the total cost Rs 98,910.

Which office handles the registration for Stwerdpettai 2nd Street?

The Thiruttani Sub Registrar Office handles the registration for Stwerdpettai 2nd Street, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees applicable during property transactions. It ensures that the government receives the appropriate revenue based on the property's value.