Guideline Value for S V P GARDEN

S V P Garden guideline value

The current guideline value of S V P Garden, located in Uthukadu-B village under the Walajabad SRO, is Rs 300 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of S V P Garden has changed

According to the guideline value register, there have been revisions in 2023 and 2024, both maintaining the same figure of Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 300 per sq.ft, which indicates a stable valuation in this period.

Guideline values in Uthukadu-B

In Uthukadu-B, there are 33 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for S V P Garden is below this median.

• Suthanthira Ponvizha Nagar: Rs 300 per sq.ft (2024)
• Sri Sudharsan Gardens: Rs 300 per sq.ft (2024)
• Srinath Nagar: Rs 800 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Balamurugan Nagar: Rs 350 per sq.ft (2024)
• Sri Balaji Avenue: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in S V P Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 accurate calculations.

Which Sub Registrar Office covers S V P Garden?

The Sub Registrar Office that covers S V P Garden is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Uthukadu-B

The guideline value plays a crucial role in the registration process of property transactions in Uthukadu-B. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller registers a property, the guideline value is assessed to ensure that the transaction is recorded at a value that reflects the established rates in the area. This helps in maintaining transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of S V P Garden?

The current guideline value of S V P Garden is Rs 300 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

There have been revisions in 2023 and 2024, both maintaining the same figure of Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What are the other streets in Uthukadu-B with similar guideline values?

Other streets in Uthukadu-B with similar guideline values include Suthanthira Ponvizha Nagar and Sri Sudharsan Gardens, both at Rs 300 per sq.ft in 2024.

How is stamp duty calculated for properties in S V P Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 21,000.

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

The Sub Registrar Office for S V P Garden is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.