Guideline Value for Swami Viveganandhar Street

Swami Viveganandhar Street guideline value

The current guideline value of Swami Viveganandhar Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Swami Viveganandhar Street has changed

The guideline value for Swami Viveganandhar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,340 per sq.ft. Following this, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and then rose again to the current value of Rs 2,200 per sq.ft in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, the value increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, positioning Swami Viveganandhar Street above this median.

• Swami Vivekanandar St Extn: Rs 1,650 per sq.ft (2024)
• Suraththamman koil Ext 2nd cross street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil Ext 1nd cross street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil 3rd street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil 2nd street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil 2nd cross street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Swami Viveganandhar Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Swami Viveganandhar Street?

The Sub Registrar Office that covers Swami Viveganandhar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Peerklankaranai, the guideline value plays a crucial role in determining the registration fees and stamp duties. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

The guideline value is used as a benchmark for calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should always check the latest guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Swami Viveganandhar Street?

The current guideline value for Swami Viveganandhar Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Swami Viveganandhar Street?

The land classification for Swami Viveganandhar Street is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Swami Viveganandhar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Peerklankaranai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.