Guideline Value for SWAMI NAGAR & STREETS

Swami Nagar & Streets guideline value

The current guideline value for Swami Nagar & Streets is Rs 870 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Swami Nagar & Streets has changed

In the 2017 revision, the guideline value was Rs 737 per sq.ft. It increased to Rs 800 per sq.ft in the 2023 revision, marking a 9% rise. The most recent revision in 2024 set the value at Rs 870 per sq.ft, which is another 9% increase from the previous year. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 18%. The current rate of Rs 870 per sq.ft is above the median value of Rs 770 per sq.ft for the 374 streets in Thiruninravur-B under the Avadi SRO.

Guideline values in Thiruninravur-B

In Thiruninravur-B, the guideline values range from Rs 330 to Rs 1,760 per sq.ft as of 2024. The median value is Rs 770 per sq.ft. Here are some other streets in Thiruninravur-B:

• Swathi Avenue: Rs 770 per sq.ft (2024)
• T.A Janakiraman Nagar: Rs 1,400 per sq.ft (2024)
• Tamil Kumaran Nagar: Rs 1,320 per sq.ft (2024)
• Tamil Kumaran Nagar Part 1: Rs 1,400 per sq.ft (2024)
• Tamil Nadu Slum Clearance Board: Rs 770 per sq.ft (2024)
• Tata Steel Yard: Rs 870 per sq.ft (2024)

Stamp duty and registration fee for property in Swami Nagar & Streets

For a 1,000 sq.ft plot at the current rate of Rs 870 per sq.ft, the guideline value amounts to Rs 8,70,000. The stamp duty at 7% would be Rs 60,900, while the registration fee at 2% would be Rs 17,400, bringing the total to Rs 78,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Swami Nagar & Streets?

The Sub Registrar Office covering Swami Nagar & Streets is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a critical factor in the registration process for property transactions in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are documented at a fair value.

When buying or selling property, the guideline value impacts the stamp duty and registration fees that are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Swami Nagar & Streets?

The current guideline value of Swami Nagar & Streets is Rs 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 870 per sq.ft in 2024. This reflects an overall increase of 18% from 2017 to 2024.

What is the classification of land in Swami Nagar & Streets?

Swami Nagar & Streets is classified as Residential Class II Type - II, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Swami Nagar & Streets is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 8,70,000, the stamp duty at 7% would be Rs 60,900.