Guideline Value for S.V.FARMS CROSS STREETS-II

S.V.Farms Cross Streets-II guideline value

The current guideline value of S.V.Farms Cross Streets-II is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Thiruvancheri village under the Pallavaram SRO and is classified as Residential Class I Type - III.

How the guideline value of S.V.Farms Cross Streets-II has changed

Over the years, the guideline value for S.V.Farms Cross Streets-II has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,300 per sq.ft in 2023 and further rose to Rs 2,530 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value surged by 91%. Overall, the guideline value has increased by 41% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median value is Rs 1,980 per sq.ft, placing S.V.Farms Cross Streets-II above this median.

• S.V.Farms Paruthi Main Road I: Rs 2,530 per sq.ft (2024)
• Suppan Street: Rs 1,980 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,980 per sq.ft (2024)
• Thiruvalluvar Street: Rs 1,980 per sq.ft (2024)
• Sriram Nagar: Rs 2,530 per sq.ft (2024)
• Vaijayanthi Mala Bali Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in S.V.Farms Cross Streets-II

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 25,30,000. The stamp duty at 7% amounts to Rs 1,77,100, while the registration fee at 2% is Rs 50,600, totaling Rs 2,27,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers S.V.Farms Cross Streets-II?

The Sub Registrar Office that covers S.V.Farms Cross Streets-II is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvancheri. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both parties are aware of the legal and financial implications of the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of S.V.Farms Cross Streets-II?

The current guideline value of S.V.Farms Cross Streets-II is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2012 value at Rs 1,800 per sq.ft, decreasing to Rs 1,206 per sq.ft in 2017, then increasing to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What are the other streets in Thiruvancheri with their guideline values?

Other streets in Thiruvancheri include S.V.Farms Paruthi Main Road I and Sriram Nagar at Rs 2,530 per sq.ft, and Suppan Street, Thirumalai Nagar, Thiruvalluvar Street, and Vaijayanthi Mala Bali Street at Rs 1,980 per sq.ft.

What are the stamp duty and registration fees for property in S.V.Farms Cross Streets-II?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total cost of stamp duty and registration fees would be Rs 2,27,700.

Which office handles property registrations for S.V.Farms Cross Streets-II?

The Pallavaram Sub Registrar Office handles property registrations for S.V.Farms Cross Streets-II, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.