Guideline Value for Swami Vivekanandar St Extn

Swami Vivekanandar St Extn guideline value

The current guideline value of Swami Vivekanandar St Extn is Rs 1,650 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 Class I Type - II.

How the guideline value of Swami Vivekanandar St Extn has changed

Over the years, the guideline value of Swami Vivekanandar St Extn has seen several revisions. The earliest available figure is from 2012, where the guideline value was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,650 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%. The overall change from 2012 to 2024 is an increase of 10%, reflecting the current guideline value of Rs 1,650 per sq.ft.

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 guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current value of Swami Vivekanandar St Extn.

• Swami Viveganandhar Street: Rs 2,200 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 Vivekanandar St Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Swami Vivekanandar St Extn?

The Sub Registrar Office that covers Swami Vivekanandar St Extn is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find more information, you can find your SRO.

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

The guideline value is a critical factor during the registration process when buying or selling property in Peerklankaranai. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the government’s records.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate fees based on the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Swami Vivekanandar St Extn?

The current guideline value of Swami Vivekanandar St Extn is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Swami Vivekanandar St Extn?

Swami Vivekanandar St Extn is classified as Residential Class I Type - II.

What are the other streets with guideline values in Peerklankaranai?

Other streets in Peerklankaranai include Swami Viveganandhar Street, Suraththamman koil Ext 2nd cross street, Suraththamman koil Ext 1nd cross street, Suraththamman koil 3rd street, Suraththamman koil 2nd street, and Suraththamman koil 2nd cross street, all valued at Rs 2,200 per sq.ft in 2024.

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

The Sub Registrar Office for Swami Vivekanandar St Extn is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.