Guideline Value for S V NAGAR

S V Nagar guideline value

The current guideline value of S V Nagar, located in Kovilkuppam village under the Manavalanagar SRO, is Rs 350 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of S V Nagar has changed

In the 2012 revision, the guideline value was Rs 350 per sq.ft. This remained unchanged in the 2017 revision, where it was Rs 234 per sq.ft, reflecting a decrease of 33%. The value then increased by 50% in the 2023 revision, bringing it back to Rs 350 per sq.ft. The current guideline value for 2024 remains the same at Rs 350 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 regarding this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 350 per sq.ft.

Guideline values in Kovilkuppam

Within Kovilkuppam, there are 68 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for S V Nagar aligns with this median.

• Sv Nagar Extension: Rs 300 per sq.ft (2024)
• Surya Town: Rs 300 per sq.ft (2024)
• Srivari Nagar: Rs 300 per sq.ft (2024)
• Sri Krishna Nagar: Rs 300 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 300 per sq.ft (2024)
• Town Phase 2: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in S V Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers S V Nagar?

The Sub Registrar Office that covers S V Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Kovilkuppam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value is referenced to ensure that the correct fees are applied. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of S V Nagar?

The current guideline value of S V Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has fluctuated, with a decrease to Rs 234 per sq.ft in 2017, followed by an increase back to Rs 350 per sq.ft in 2023 and remaining the same in 2024.

What is the land classification for S V Nagar?

S V Nagar falls under the Residential Class II Type - II land classification.

Where can I find the Sub Registrar Office for S V Nagar?

The Sub Registrar Office for S V Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is the stamp duty calculated for properties in S V Nagar?

Stamp duty for properties in S V Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 24,500.