Guideline Value for Swathi Land

Swathi Land guideline value

The current guideline value of Swathi Land in Ulunthai village is Rs 426 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Special Type - I.

How the guideline value of Swathi Land has changed

Over the years, the guideline value of Swathi Land has seen several revisions. The 2012 revision set the value at Rs 425 per sq.ft, which slightly decreased to Rs 285 per sq.ft in the 2017 revision. Following this, the value remained stable at Rs 426 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of 49%, while the overall change from 2012 to 2024 indicates a stable guideline value with no net change. This reflects a consistent valuation in recent years, particularly in the context of the 2023 to 2024 revisions.

Guideline values in Ulunthai

In Ulunthai village, there are 27 streets under the Sunguvarchattram SRO that have a guideline value for 2024 ranging from Rs 150 to Rs 426 per sq.ft, with a median value of Rs 150 per sq.ft. Swathi Land's guideline value is above this median, indicating a higher valuation compared to many other streets in the area.

• Swathi Nagar Phase I-IV: Rs 350 per sq.ft (2024)
• udaiyar Street: Rs 150 per sq.ft (2024)
• Vadukar Colony: Rs 150 per sq.ft (2024)
• SriMathi Nagar: Rs 150 per sq.ft (2024)
• Vayaloor Road: Rs 150 per sq.ft (2024)
• Sivan Kovil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Swathi Land

For a 1,000 sq.ft plot at the current guideline value of Rs 426 per sq.ft, the total guideline value amounts to Rs 4,26,000. The stamp duty at 7% would be Rs 29,820, and the registration fee at 2% would be Rs 8,520, making a total of Rs 38,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Swathi Land?

The Sub Registrar Office that covers Swathi Land is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Ulunthai. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the associated costs accurately.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the financial obligations related to the transaction are based on a fair valuation of the property.

Frequently asked questions

What is the current guideline value of Swathi Land?

The current guideline value of Swathi Land in Ulunthai village is Rs 426 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 426 per sq.ft in both 2023 and 2024. The value was Rs 285 per sq.ft in 2017 and Rs 425 per sq.ft in 2012.

What is the land classification for Swathi Land?

Swathi Land is classified as Residential Special Type - I, indicating its designated use within the local planning framework.

Where can I find information about the Sub Registrar Office for Swathi Land?

The Sub Registrar Office for Swathi Land is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 426 per sq.ft would incur a total stamp duty of Rs 29,820 at 7%.