Guideline Value for Surveswara Swamy Koil Street

Surveswara Swamy Koil Street guideline value

The current guideline value of Surveswara Swamy Koil Street is Rs 385 per sq.ft, effective from 1 July 2024. This street is located in Orakadu & Kiruthalapuram village and falls under the Redhills SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Surveswara Swamy Koil Street has changed

The guideline value for Surveswara Swamy Koil Street has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 350 per sq.ft in 2012. However, it decreased to Rs 234 per sq.ft in 2017. The value then rose significantly to Rs 350 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 385 per sq.ft. There are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, the increase was 50%, while from 2012 to 2017, there was a decrease of 33%. The value increased by 17% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 28%.

Guideline values in Orakadu & Kiruthalapuram

In Orakadu & Kiruthalapuram, there are 34 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 385 per sq.ft, which is the same as the current value for Surveswara Swamy Koil Street.

• Sri Shanmuga Nagar: Rs 385 per sq.ft (2024)
• Sri Ramulu Naidu Street: Rs 385 per sq.ft (2024)
• Sri Bhagavan Nagar: Rs 385 per sq.ft (2024)
• Vaidegi Nagar: Rs 385 per sq.ft (2024)
• Shainsha Baba Nagar: Rs 275 per sq.ft (2024)
• Ramachandra Naidu Street: Rs 385 per sq.ft (2024)

Stamp duty and registration fee for property in Surveswara Swamy Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value would be Rs 3,85,000. The stamp duty at 7% would amount to Rs 26,950, and the registration fee at 2% would be Rs 7,700, making the total fees Rs 34,650. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Surveswara Swamy Koil Street?

The Sub Registrar Office that covers Surveswara Swamy Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Orakadu & Kiruthalapuram

The guideline value plays a crucial role during the registration of property transactions in Orakadu & Kiruthalapuram. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and transparently. It helps in determining the legal value of the property, which is essential for both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value of Surveswara Swamy Koil Street?

The current guideline value of Surveswara Swamy Koil Street is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 385 per sq.ft in 2024, with several revisions in between, including a decrease in 2017.

What is the land classification for Surveswara Swamy Koil Street?

The land classification for Surveswara Swamy Koil Street is Residential Class I Type - I.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for Surveswara Swamy Koil Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property with a guideline value of Rs 3,85,000, the stamp duty would be Rs 26,950 at a rate of 7%.