Guideline Value for Swathanthirapuram 1st Street

Swathanthirapuram 1st Street guideline value

The current guideline value of Swathanthirapuram 1st Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Swathanthirapuram 1st Street has changed

The guideline value for Swathanthirapuram 1st Street has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, this value decreased to Rs 804 per sq.ft in the 2017 revision, reflecting a 33% drop. The most recent revision in 2024 has set the guideline value at Rs 1,300 per sq.ft, which is a 62% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Swathanthirapuram 1st Street is below this median.

• Swathanthirapuram 2nd Street: Rs 1,300 per sq.ft (2024)
• Tamilar Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Suryanarayana 8th Lane: Rs 2,200 per sq.ft (2024)
• Suryanarayana 7th lane: Rs 2,200 per sq.ft (2024)
• Suryanarayana 6th lane: Rs 2,200 per sq.ft (2024)
• Suryanarayana 5th lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Swathanthirapuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the 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 Swathanthirapuram 1st Street?

The Sub Registrar Office that covers Swathanthirapuram 1st Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the value of the property for the purpose of calculating stamp duty and registration fees.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Swathanthirapuram 1st Street?

The current guideline value of Swathanthirapuram 1st Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 117% over the years.

What is the land classification for Swathanthirapuram 1st Street?

Swathanthirapuram 1st Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office is responsible for Swathanthirapuram 1st Street?

The Royapuram Sub Registrar Office covers Swathanthirapuram 1st Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.