Guideline Value for Swathanthirapuram 2nd Street

Swathanthirapuram 2nd Street guideline value

The current guideline value of Swathanthirapuram 2nd 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 2nd Street has changed

The guideline value for Swathanthirapuram 2nd Street has undergone several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, reflecting a 33% drop. The most recent revision in 2024 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 recorded figures for the years 2023, 2003, and 2002 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. The median guideline value in this area is Rs 1,600 per sq.ft, indicating that the guideline value for Swathanthirapuram 2nd Street is below this median.

• Swathanthirapuram 1st 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 2nd 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. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Swathanthirapuram 2nd Street?

The Sub Registrar Office that covers Swathanthirapuram 2nd Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value ensures that the government receives appropriate revenue from property transactions. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Swathanthirapuram 2nd Street?

The current guideline value of Swathanthirapuram 2nd 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 registration office for Swathanthirapuram 2nd Street?

The registration office for Swathanthirapuram 2nd Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

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.

Where can I find more information on guideline values?

More information on guideline values can be found in the Registration Department's guideline value register (TNReginet) or by visiting the relevant Sub Registrar Office.