Guideline Value for Swathi 1'st Street

Swathi 1'st Street guideline value

The current guideline value of Swathi 1'st Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class III Type - I.

How the guideline value of Swathi 1'st Street has changed

In the 2007 revision, the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 500 per sq.ft in the 2012 revision, marking a 150% rise. However, in the 2017 revision, it decreased to Rs 335 per sq.ft, which is a decline of 33%. The value then rose to Rs 500 per sq.ft in the 2023 revision, and subsequently increased to Rs 550 per sq.ft in the 2024 revision, representing a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Swathi 1'st Street's 2024 figure below that median.

• Swathi 2'nd Street: Rs 550 per sq.ft (2024)
• Swathi 3'rd Street: Rs 550 per sq.ft (2024)
• Swetha Garden: Rs 879 per sq.ft (2024)
• Tamil Nadu Housing Board: Rs 879 per sq.ft (2024)
• Thalamuthu Natarajan Street: Rs 1,100 per sq.ft (2024)
• Thantai Peiyar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Swathi 1'st Street

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value would be Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Swathi 1'st Street?

The Sub Registrar Office that covers Swathi 1'st Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for further assistance.

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

The guideline value is essential when registering property transactions in Periyakuppam. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps maintain transparency and standardizes the registration process across the region.

Frequently asked questions

What is the current guideline value of Swathi 1'st Street?

The current guideline value of Swathi 1'st Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, showing a significant increase of 175% overall.

What are the registration fees for property in Swathi 1'st Street?

The registration fees for property transactions are based on the guideline value. For a property valued at Rs 5,50,000, the registration fee would be Rs 11,000.

Which office handles property registrations for Swathi 1'st Street?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Swathi 1'st Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the median guideline value in Periyakuppam?

The median guideline value for streets in Periyakuppam is Rs 1,100 per sq.ft, while Swathi 1'st Street's current value is below this median at Rs 550 per sq.ft.