Guideline Value for SWETHA GARDEN

Swetha Garden guideline value

The current guideline value of Swetha Garden, located in Periyakuppam village under the Tiruvallur Joint 1 SRO, is Rs 879 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - IV.

How the guideline value of Swetha Garden has changed

The guideline value for Swetha Garden has seen several revisions over the years. In 2012, the value was Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value rose significantly to Rs 800 per sq.ft in 2023, and then further increased to Rs 879 per sq.ft in 2024, marking a 10% rise from the previous year. The register has no figure for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%, while the overall change from 2012 to 2024 shows a modest increase of 10%. The fluctuations in the guideline value reflect the adjustments made over the years based on various factors affecting the real estate market.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Swetha Garden is below this median.

• Swathi 3'rd Street: Rs 550 per sq.ft (2024)
• Swathi 2'nd Street: Rs 550 per sq.ft (2024)
• Swathi 1'st Street: Rs 550 per sq.ft (2024)
• Tamil Nadu Housing Board: Rs 879 per sq.ft (2024)
• Thalamuthu Natarajan Street: Rs 1,100 per sq.ft (2024)
• Thantai Peiyar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Swetha Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 879 per sq.ft, the total guideline value amounts to Rs 8,79,000. The stamp duty at 7% would be Rs 61,530, and the registration fee at 2% would be Rs 17,580, bringing the total cost for these fees to Rs 79,110. 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 details.

Which Sub Registrar Office covers Swetha Garden?

The Sub Registrar Office that covers Swetha Garden is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for determining the minimum value of the property for the purpose of calculating stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on the higher amount. This ensures that the government receives the appropriate fees based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Swetha Garden?

The current guideline value of Swetha Garden is Rs 879 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 879 per sq.ft in 2024.

What is the land classification of Swetha Garden?

Swetha Garden is classified as Residential Special Type - IV under the guideline value register.

What is the median guideline value in Periyakuppam?

The median guideline value for streets in Periyakuppam is Rs 1,100 per sq.ft, with Swetha Garden's value being below this median.

Where can I find the Sub Registrar Office for Swetha Garden?

The Sub Registrar Office for Swetha Garden is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.