Guideline Value for SWATHINTHRA THOTTAM

Swathinthra Thottam guideline value

The current guideline value of Swathinthra Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, which falls under the Mylapore SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Swathinthra Thottam has changed

Over the years, the guideline value of Swathinthra Thottam has seen several revisions. In 2007, the guideline value was Rs 900 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then dropped to Rs 2,010 per sq.ft in 2017. The most recent revision in 2024 raised the value to Rs 3,300 per sq.ft.

From 2017 to 2024, there was an increase of 64%. The change from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was substantial at 233%. Overall, from 2007 to 2024, the guideline value has risen by 267%. There are no figures available for the years 2023, 2003, and 2002 for this street.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, making the current value of Swathinthra Thottam below that median.

• Syed Ahmed Hussain Street: Rs 3,300 per sq.ft (2024)
• Syed Najmullah Street: Rs 4,900 per sq.ft (2024)
• Syed Wahap Hussain Street: Rs 3,300 per sq.ft (2024)
• Teachers Colony: Rs 7,100 per sq.ft (2024)
• Sundareswara Sami Street: Rs 7,700 per sq.ft (2024)
• Thachi Arunachalam Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Swathinthra Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, calculated at 7%, would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. 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 further calculations.

Which Sub Registrar Office covers Swathinthra Thottam?

The Sub Registrar Office that covers Swathinthra Thottam is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Mylapore. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Swathinthra Thottam?

The current guideline value of Swathinthra Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased by 267%, rising from Rs 900 per sq.ft to Rs 3,300 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Swathinthra Thottam?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 2,97,000.

Which Sub Registrar Office covers Swathinthra Thottam?

The Mylapore Sub Registrar Office covers Swathinthra Thottam, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

Are there any years without a guideline value for Swathinthra Thottam?

Yes, the register has no figures for the years 2023, 2003, and 2002 for Swathinthra Thottam.