Guideline Value for SWATHI APARTMENT 7tH AVENUE

SWATHI APARTMENT 7tH AVENUE guideline value

The current guideline value for SWATHI APARTMENT 7tH AVENUE is Rs 13,200 per sq.ft, effective from 1 July 2024. This property is located in Villivakkam village, under the Villivakkam SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of SWATHI APARTMENT 7tH AVENUE has changed

The guideline value for SWATHI APARTMENT 7tH AVENUE has seen significant changes over the years. In 2007, the guideline value was Rs 2,050 per sq.ft, which increased to Rs 12,000 per sq.ft in 2012, marking a substantial rise of 485%. However, from 2012 to 2017, the value decreased by 33% to Rs 8,040 per sq.ft. The value then increased sharply to Rs 12,000 per sq.ft in 2023, reflecting a 49% increase. Most recently, the guideline value rose by 10% to Rs 13,200 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 544%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing SWATHI APARTMENT 7tH AVENUE's value above this median.

• Thangam Colony: Rs 12,100 per sq.ft (2024)
• THANGAM COLONY "30th STREET": Rs 12,100 per sq.ft (2024)
• Thangam Colony "adhi Sankarar Street": Rs 12,100 per sq.ft (2024)
• Thangam Colony "church Cross Street": Rs 12,100 per sq.ft (2024)
• Thangam Colony "church Road": Rs 12,100 per sq.ft (2024)
• THANGAM COLONY " PILLAIYAR KOIL 2nd STREET": Rs 12,100 per sq.ft (2024)

Stamp duty and registration fee for property in SWATHI APARTMENT 7tH AVENUE

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. It is important to 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 more details.

Which Sub Registrar Office covers SWATHI APARTMENT 7tH AVENUE?

The SWATHI APARTMENT 7tH AVENUE is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is an important reference point for property transactions in Villivakkam, as it determines the minimum value at which properties can be registered. This value is used to calculate the stamp duty and registration fees applicable during the sale or purchase of a property.

When buying or selling a property, the guideline value ensures that transactions are conducted transparently and fairly, as it reflects the government's assessment of property values in the area. Buyers and sellers should be aware of the guideline value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value for SWATHI APARTMENT 7tH AVENUE?

The current guideline value for SWATHI APARTMENT 7tH AVENUE is Rs 13,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 2,050 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, which is an overall increase of 544%.

What is the land classification for SWATHI APARTMENT 7tH AVENUE?

SWATHI APARTMENT 7tH AVENUE falls under the Residential Class I Type - I land classification.

Where can I find the registration office for SWATHI APARTMENT 7tH AVENUE?

The registration office for SWATHI APARTMENT 7tH AVENUE is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Villivakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,32,00,000, the stamp duty at 7% would be Rs 9,24,000.