Guideline Value for Swarkam Avenue

Swarkam Avenue guideline value

The current guideline value of Swarkam Avenue is Rs 2,640 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Swarkam Avenue has changed

The guideline value for Swarkam Avenue has seen significant changes over the years. In 2007, the value was Rs 460 per sq.ft, which increased dramatically to Rs 2,400 per sq.ft in 2012, marking a rise of 422%. However, it then decreased to Rs 1,608 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 2,400 per sq.ft in 2023, and most recently, it increased to Rs 2,640 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 474%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, placing Swarkam Avenue's 2024 figure above this median.

• Swarkkam Nagar: Rs 2,640 per sq.ft (2024)
• Suvathini Apartments: Rs 1,650 per sq.ft (2024)
• Sundarar Street: Rs 2,310 per sq.ft (2024)
• Sundaram Nagar: Rs 1,650 per sq.ft (2024)
• Thai Moogambigai Nagar: Rs 2,640 per sq.ft (2024)
• Thai Moogambigai Nagar Extension: Rs 4,290 per sq.ft (2024)

Stamp duty and registration fee for property in Swarkam Avenue

For a 1,000 sq.ft plot at the current rate of Rs 2,640 per sq.ft, the guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, totaling Rs 2,37,600. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Swarkam Avenue?

The Sub Registrar Office covering Swarkam Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value is used to ensure that the transaction is recorded at a fair value, preventing undervaluation. This process helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Swarkam Avenue?

The current guideline value of Swarkam Avenue is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 460 per sq.ft in 2007 to Rs 2,640 per sq.ft in 2024, reflecting an overall increase of 474%.

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur is Rs 2,310 per sq.ft, with Swarkam Avenue's 2024 figure above this median.

What are the stamp duty and registration fees for property in Swarkam Avenue?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees amount to Rs 2,37,600.

Where is the Sub Registrar Office for Swarkam Avenue located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.