Guideline Value for SWAMIDAS STREET

Swamidas Street guideline value

The current guideline value of Swamidas Street in Chinnasekkadu village, under the Thiruvottiyur SRO, is Rs 1,001 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Swamidas Street has changed

The guideline value of Swamidas Street has seen several revisions over the years. In 2002, the value was Rs 52 per sq.ft, which increased to Rs 62 per sq.ft in 2003, marking a change of +19%. Following this, the value rose significantly to Rs 200 per sq.ft in 2007, reflecting a change of +223%. The 2012 revision set the value at Rs 600 per sq.ft, which was a decrease of -33% from the previous revision. In 2017, the value further increased to Rs 402 per sq.ft, and then in 2023, it reached Rs 1,000 per sq.ft, showing a notable increase of +149%. The latest revision in 2024 has the guideline value at Rs 1,001 per sq.ft, which is an increase of +0% from 2023.

There are no figures available for the years between 2002 and 2003, and other years have been accounted for in the revisions mentioned above.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Swamidas Street's 2024 guideline value is below this median.

• Thiruvalluvar Street: Rs 1,500 per sq.ft (2024)
• Thiruvengadam Street: Rs 1,001 per sq.ft (2024)
• Thiru.VI.Ka Street: Rs 1,300 per sq.ft (2024)
• Vallivel Nadar Street: Rs 1,001 per sq.ft (2024)
• Sigamani Street: Rs 1,300 per sq.ft (2024)
• Vedhachalam Street: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Swamidas Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Swamidas Street?

The Sub Registrar Office that covers Swamidas Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chinnasekkadu. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it impacts the overall cost of the transaction. It is advisable to check the latest guideline values before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Swamidas Street?

The current guideline value of Swamidas Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 52 per sq.ft in 2002 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of +1825% over the years.

What is the land classification for Swamidas Street?

Swamidas Street falls under the Residential Class II Type - I land classification.

What are the stamp duty and registration fees for property in Swamidas Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,01,000, with stamp duty at 7% amounting to Rs 70,070 and a registration fee at 2% of Rs 20,020, totaling Rs 90,090.

Where is the Sub Registrar Office for Swamidas Street located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.