Guideline Value for S V Nagar Extension

S V Nagar Extension guideline value

The current guideline value of S V Nagar Extension is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Vedapalayam village and falls under the Uthiramerur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of S V Nagar Extension has changed

According to the guideline value register, there have been several revisions for S V Nagar Extension. The most recent revision in 2024 shows a guideline value of Rs 600 per sq.ft, which is the same as the 2023 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 600 per sq.ft. The previous revisions do not provide any figures for S V Nagar Extension, indicating that the guideline value has remained stable in recent years.

Guideline values in Vedapalayam

In Vedapalayam, there are 29 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 400 per sq.ft. S V Nagar Extension's 2024 guideline value is above this median.

• Sri Kamatchi Yogam Enclave: Rs 400 per sq.ft (2024)
• Vazhai Thottampen Street: Rs 600 per sq.ft (2024)
• Vedapalayam Arunachanaickar Street: Rs 300 per sq.ft (2024)
• Vedapalayam Bajanai Koil Sandu: Rs 300 per sq.ft (2024)
• Vedapalayam Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Vedapalayam Bangala Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in S V Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, making a total of Rs 54,000. 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 detailed calculations.

Which Sub Registrar Office covers S V Nagar Extension?

The Sub Registrar Office that covers S V Nagar Extension is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Vedapalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the transaction. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of S V Nagar Extension?

The current guideline value of S V Nagar Extension is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for S V Nagar Extension has remained stable at Rs 600 per sq.ft from 2023 to 2024. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002.

What is the land classification for S V Nagar Extension?

The land classification for S V Nagar Extension is Residential Special Type - I, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property in S V Nagar Extension?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 54,000.

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

The Uthiramerur Sub Registrar Office covers S V Nagar Extension and is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.