Guideline Value for Swaran Singh Street

Swaran Singh Street guideline value

The current guideline value of Swaran Singh Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO, classified as Residential Class I Type - III.

How the guideline value of Swaran Singh Street has changed

The guideline value for Swaran Singh Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 4,900 per sq.ft, an increase of 9% from the 2023 revision of Rs 4,500 per sq.ft. Prior to that, in 2017, the value was Rs 3,015 per sq.ft, reflecting a significant increase of 49% when compared to the 2023 figure. The 2012 revision also recorded a value of Rs 4,500 per sq.ft, which was a decrease of 33% from the 2017 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for Swaran Singh Street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 9%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, which is the same as the current value for Swaran Singh Street.

• Tagore Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Tagore Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Tagore Nagar Ist Street: Rs 3,300 per sq.ft (2024)
• Tagore Nagar main Road: Rs 3,300 per sq.ft (2024)
• T.B. Hospital: Rs 3,300 per sq.ft (2024)
• Thalamuthu Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Swaran Singh Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees together to Rs 4,41,000. 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 Swaran Singh Street?

The Sub Registrar Office that covers Swaran Singh Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ayanavaram. It serves as a reference point for determining the stamp duty and registration fees that must be paid when buying or selling property.

Frequently asked questions

What is the current guideline value of Swaran Singh Street?

The current guideline value of Swaran Singh Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2023 to Rs 4,900 per sq.ft in 2024. It was Rs 3,015 per sq.ft in 2017 and Rs 4,500 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification of Swaran Singh Street?

Swaran Singh Street is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Swaran Singh Street?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Swaran Singh Street located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.