Guideline Value for Swaminathanaicken Street

Swaminathanaicken Street guideline value

The current guideline value of Swaminathanaicken Street is Rs 2,001 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Swaminathanaicken Street has changed

In the 2017 revision, the guideline value was set at Rs 1,340 per sq.ft. This figure saw a significant increase in the 2023 revision, rising to Rs 2,000 per sq.ft, marking a 49% increase over the six-year period. The 2024 revision maintained the same rate of Rs 2,001 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Swaminathanaicken Street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Swaminathanaicken Street's 2024 figure above this median.

• Star Residency: Rs 1,200 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,200 per sq.ft (2024)
• Sri Venkateswara nagar: Rs 1,500 per sq.ft (2024)
• Thirumalai Nagar Extn: Rs 1,200 per sq.ft (2024)
• Thiruppur Kumaran Street: Rs 2,001 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Swaminathanaicken Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,001 per sq.ft, the total guideline value would be Rs 20,01,000. The stamp duty at 7% would amount to Rs 1,40,070, and the registration fee at 2% would be Rs 40,020, bringing the total cost together to Rs 1,80,090. It is important to note that the stamp 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 Swaminathanaicken Street?

The Sub Registrar Office that covers Swaminathanaicken Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a key factor in the registration process when buying or selling property in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Swaminathanaicken Street?

The current guideline value of Swaminathanaicken Street is Rs 2,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 1,340 per sq.ft in 2017 to Rs 2,001 per sq.ft in 2024, which is an overall increase of 49%.

What is the land classification of Swaminathanaicken Street?

Swaminathanaicken Street is classified as Residential Special Type - II.

What are the other streets in Gooduvancheri with their guideline values?

Other streets in Gooduvancheri include Star Residency, Thirumalai Nagar, Sri Venkateswara nagar, Thirumalai Nagar Extn, Thiruppur Kumaran Street, and Thiruvalluvar Nagar, each with varying guideline values.

Where can I find the Sub Registrar Office for Swaminathanaicken Street?

The Sub Registrar Office for Swaminathanaicken Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.