Guideline Value for SWAMINATHAN SALAI

Swaminathan Salai guideline value

The current guideline value of Swaminathan Salai is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and falls under Residential Class III Type - I land classification.

How the guideline value of Swaminathan Salai has changed

The guideline value for Swaminathan Salai has seen several changes over the years. In 2003, the value was Rs 168 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2007. Following that, the value jumped to Rs 2,000 per sq.ft in 2012, marking a 300% increase from the previous revision. However, it then decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 2,000 per sq.ft in 2023, and most recently, it has reached Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

It is important to note that the register has no figure for Swaminathan Salai for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 1210%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Swaminathan Salai.

• Suriya Guest House Colony: Rs 2,200 per sq.ft (2024)
• TEACHERS COLONY 1st CROSS STREET: Rs 3,900 per sq.ft (2024)
• TEACHERS COLONY 2nd CROSS STREET: Rs 3,900 per sq.ft (2024)
• TEACHERS COLONY 3rd CROSS STREET: Rs 3,900 per sq.ft (2024)
• TEACHERS COLONY 4th CROSS STREET: Rs 3,900 per sq.ft (2024)
• Teachers Colony Main Road: Rs 4,500 per sq.ft (2024)

Stamp duty and registration fee for property in Swaminathan Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty, charged at 7%, would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration would be Rs 1,98,000. 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 our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Swaminathan Salai?

The Sub Registrar Office that covers Swaminathan Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Enjambakkam. It is used to determine the minimum value at which a property can be registered. When buying or selling property, the guideline value is essential for calculating the stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

At the time of registration, the buyer and seller must consider the guideline value as it influences the overall costs associated with the property transaction. It is advisable to check the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Swaminathan Salai?

The current guideline value of Swaminathan Salai is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 168 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, marking a significant increase of 1210% over the years.

What is the land classification for Swaminathan Salai?

Swaminathan Salai is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Swaminathan Salai?

The Neelankarai Sub Registrar Office covers Swaminathan Salai, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Swaminathan Salai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.