Guideline Value for S.V.NATARAJAN NAGAR

S.V.Natarajan Nagar guideline value

The current guideline value of S.V.Natarajan Nagar is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1, under the Neelankarai SRO, with a land classification of Residential Class I Type - II.

How the guideline value of S.V.Natarajan Nagar has changed

The guideline value for S.V.Natarajan Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, an increase from Rs 3,500 per sq.ft in the 2023 revision, marking an 11% rise. Prior to 2023, the register has no figures for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024. The previous revisions do not provide any figures for S.V.Natarajan Nagar, indicating that there were no recorded values for this street in those years.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing S.V.Natarajan Nagar's 2024 figure above this median.

• S.V.NATARJA NAGAR 1st STREET: Rs 3,300 per sq.ft (2024)
• S.V.Sankar Salai (Near Canal): Rs 1,700 per sq.ft (2024)
• S.V. Ekambaram Street: Rs 2,800 per sq.ft (2024)
• Syamala Garden: Rs 4,400 per sq.ft (2024)
• Tamil Nadu Housing Board: Rs 3,900 per sq.ft (2024)
• Sunshine Avenue: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in S.V.Natarajan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty, charged at 7%, would be Rs 2,73,000, while the registration fee at 2% would be Rs 78,000. Together, the total fees would amount to Rs 3,51,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers S.V.Natarajan Nagar?

The S.V.Natarajan Nagar area is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of S.V.Natarajan Nagar?

The current guideline value of S.V.Natarajan Nagar is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, which is an increase of 11%.

What are the other streets in Sholinganallur - 1 and their values?

Other streets in Sholinganallur - 1 include S.V.NATARJA NAGAR 1st STREET at Rs 3,300 per sq.ft, S.V.Sankar Salai (Near Canal) at Rs 1,700 per sq.ft, S.V. Ekambaram Street at Rs 2,800 per sq.ft, Syamala Garden at Rs 4,400 per sq.ft, Tamil Nadu Housing Board at Rs 3,900 per sq.ft, and Sunshine Avenue at Rs 4,400 per sq.ft.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated in S.V.Natarajan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty at 7% would be Rs 2,73,000.