Guideline Value for SWAMINATHAN STREET

Swaminathan Street guideline value

The current guideline value of Swaminathan Street in Puliyur village is Rs 6,300 per sq.ft, effective from 1 July 2024. This street falls under the Kodambakkam SRO and is classified as Residential Special Type - III.

How the guideline value of Swaminathan Street has changed

Since the early 2000s, the guideline value for Swaminathan Street has seen significant changes. In 2002, the guideline value was Rs 794 per sq.ft, which increased to Rs 872 per sq.ft in 2003, marking a 10% rise. The value then jumped to Rs 2,000 per sq.ft in 2007, reflecting a substantial increase of 129%. By 2012, the guideline value remained at Rs 5,800 per sq.ft, with no change recorded until 2023. The 2023 revision also listed the value at Rs 5,800 per sq.ft.

In 2024, the guideline value experienced a notable increase to Rs 6,300 per sq.ft, representing a 9% rise from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 693%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Swaminathan Street's 2024 figure above this median.

• Tambaiah Extension: Rs 11,000 per sq.ft (2024)
• Tambaiah Road: Rs 11,000 per sq.ft (2024)
• Tank Street (U.I. Colony): Rs 8,200 per sq.ft (2024)
• Taylors Estate 1st Street: Rs 7,100 per sq.ft (2024)
• Taylors Estate 2nd Street: Rs 7,100 per sq.ft (2024)
• Taylors Estate 3rd Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Swaminathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total cost of duty and fees to Rs 5,67,000. Please 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 further calculations.

Which Sub Registrar Office covers Swaminathan Street?

The Sub Registrar Office that covers Swaminathan Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value helps ensure that the transaction is recorded at a value that reflects the prevailing market conditions. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Swaminathan Street?

The current guideline value of Swaminathan Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 794 per sq.ft in 2002 to Rs 6,300 per sq.ft in 2024, reflecting an overall increase of 693% over this period.

What is the land classification for Swaminathan Street?

Swaminathan Street is classified as Residential Special Type - III under the Kodambakkam SRO.

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

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Puliyur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 63,00,000 would incur a stamp duty of Rs 4,41,000 at the rate of 7%.