Guideline Value for SWARNALAYAM PHASE-2

Swarnalayam Phase-2 guideline value

The current guideline value of Swarnalayam Phase-2 is Rs 990 per sq.ft, effective from 1 July 2024. This property is located in Kuthampakkam village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Swarnalayam Phase-2 has changed

The guideline value for Swarnalayam Phase-2 has seen several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures are Rs 900 per sq.ft from the 2023 revision, which increased to Rs 990 per sq.ft in the 2024 revision, reflecting a 10% rise.

Prior to the 2023 revision, the last recorded value was Rs 900 per sq.ft, indicating a consistent increase in the guideline value in the most recent years. The 2024 figure of Rs 990 per sq.ft is below the median value of Rs 1,642 per sq.ft for the 19 streets in Kuthampakkam under the Avadi SRO.

Guideline values in Kuthampakkam

In Kuthampakkam, the guideline values vary significantly, with figures ranging from Rs 550 to Rs 3,564 per sq.ft as of 2024. Swarnalayam Phase-2's 2024 guideline value is below the median of Rs 1,642 per sq.ft.

• Swarnalayam: Rs 550 per sq.ft (2024)
• Tata Value Homes: Rs 2,790 per sq.ft (2024)
• Ms Residency Extension: Rs 990 per sq.ft (2024)
• Ms Residency: Rs 770 per sq.ft (2024)
• Ms Fortune City: Rs 880 per sq.ft (2024)
• Ms Dream Town Thiru Jayanthinadhar Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Swarnalayam Phase-2

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Swarnalayam Phase-2?

The Sub Registrar Office that covers Swarnalayam Phase-2 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 Kuthampakkam

The guideline value is a critical figure used during the registration of property transactions in Kuthampakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value recognized by the government for taxation purposes. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Swarnalayam Phase-2?

The current guideline value of Swarnalayam Phase-2 is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2023 to Rs 990 per sq.ft in 2024, marking a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for Swarnalayam Phase-2?

The land classification for Swarnalayam Phase-2 is Residential Class III Type - I. This classification indicates the type of development permissible in the area.

What other streets have guideline values in Kuthampakkam?

There are several other streets in Kuthampakkam with varying guideline values. Some notable mentions include Tata Value Homes at Rs 2,790 per sq.ft and Ms Residency Extension at Rs 990 per sq.ft.

Where can I find the Sub Registrar Office for Swarnalayam Phase-2?

The Sub Registrar Office for Swarnalayam Phase-2 is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.