Guideline Value for Swathi 2'nd Street

Swathi 2'nd Street guideline value

The current guideline value of Swathi 2'nd 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, classified as Residential Class III Type - I.

How the guideline value of Swathi 2'nd Street has changed

The guideline value for Swathi 2'nd Street has undergone several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. From 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 500 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO with 2024 guideline values ranging from Rs 550 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Swathi 2'nd Street's value below this median.

• Swathi 1'st 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 2'nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total 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, totaling Rs 49,500. 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 more precise calculations.

Which Sub Registrar Office covers Swathi 2'nd Street?

The Sub Registrar Office that covers Swathi 2'nd 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 more information.

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

The guideline value is a crucial factor during the registration of property transactions in Periyakuppam. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, the guideline value helps to establish a fair price for the transaction. Buyers and sellers must consider this value to comply with legal requirements and ensure accurate documentation during the registration process.

Frequently asked questions

What is the current guideline value of Swathi 2'nd Street?

The current guideline value of Swathi 2'nd 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, reflecting an overall increase of 175% over the years.

What are the other streets in Periyakuppam with similar guideline values?

Other streets in Periyakuppam with similar guideline values include Swathi 1'st Street and Swathi 3'rd Street, both at Rs 550 per sq.ft in 2024.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would be Rs 49,500.

Where can I find the Sub Registrar Office for Swathi 2'nd Street?

The Sub Registrar Office for Swathi 2'nd Street is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.