Guideline Value for Swathi 3'rd Street

Swathi 3'rd Street guideline value

The current guideline value of Swathi 3'rd Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Swathi 3'rd Street has changed

The guideline value of Swathi 3'rd 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, marking a significant rise of 150%. However, the value then decreased to Rs 335 per sq.ft in 2017, a decline of 33%. The 2023 revision set the value at Rs 500 per sq.ft, and the most recent 2024 revision increased it to Rs 550 per sq.ft, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Periyakuppam

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

• Swathi 2'nd Street: Rs 550 per sq.ft (2024)
• Swathi 1'st 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 3'rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty is calculated at 7%, resulting in Rs 38,500, while the registration fee at 2% amounts to Rs 11,000. Therefore, the total cost for these fees would be Rs 49,500. It is important to note that the 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 further assistance.

Which Sub Registrar Office covers Swathi 3'rd Street?

The Sub Registrar Office that covers Swathi 3'rd 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 when registering a property in Periyakuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately within the legal framework.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. This ensures that both parties are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Swathi 3'rd Street?

The current guideline value of Swathi 3'rd 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 stamp duty and registration fees for property in Swathi 3'rd Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 5,50,000. The stamp duty at 7% is Rs 38,500, and the registration fee at 2% is Rs 11,000, totaling Rs 49,500.

Which office handles property registrations for Swathi 3'rd Street?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Swathi 3'rd Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Swathi 3'rd Street?

The land classification for Swathi 3'rd Street is Residential Class III Type - I.