Guideline Value for SWATHI AVENUE

Swathi Avenue guideline value

The current guideline value of Swathi Avenue is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - III.

How the guideline value of Swathi Avenue has changed

The guideline value for Swathi Avenue has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 469 per sq.ft. This value increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 set the guideline value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are a total of 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which is equal to the guideline value of Swathi Avenue.

• Swami Nagar & Streets: Rs 870 per sq.ft (2024)
• T.A Janakiraman Nagar: Rs 1,400 per sq.ft (2024)
• Tamil Kumaran Nagar: Rs 1,320 per sq.ft (2024)
• Tamil Kumaran Nagar Part 1: Rs 1,400 per sq.ft (2024)
• Tamil Nadu Slum Clearance Board: Rs 770 per sq.ft (2024)
• Tata Steel Yard: Rs 870 per sq.ft (2024)

Stamp duty and registration fee for property in Swathi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers Swathi Avenue?

The Sub Registrar Office that covers Swathi Avenue is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a critical factor in the registration process when buying or selling property in Thiruninravur-B. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property as determined by the Registration Department. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Swathi Avenue?

The current guideline value of Swathi Avenue is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the other streets in Thiruninravur-B?

Other streets in Thiruninravur-B include Swami Nagar & Streets at Rs 870 per sq.ft, T.A Janakiraman Nagar at Rs 1,400 per sq.ft, and Tamil Kumaran Nagar at Rs 1,320 per sq.ft, among others.

What is the registration fee for property in Swathi Avenue?

The registration fee for a property in Swathi Avenue is calculated based on the guideline value. For example, a 1,000 sq.ft plot would incur a registration fee of Rs 15,400.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the relevant section on the registration department's website. For Swathi Avenue, the office is the Avadi Sub Registrar Office located in Thiruninravur-B.