Guideline Value for S.V.NATARJA NAGAR 1st STREET

S.V.NATARJA NAGAR 1st STREET guideline value

The current guideline value of S.V.NATARJA NAGAR 1st STREET is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of S.V.NATARJA NAGAR 1st STREET has changed

The guideline value for S.V.NATARJA NAGAR 1st STREET has seen significant changes over the years. In 2017, the value was Rs 2,010 per sq.ft. This increased to Rs 3,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register does not have figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value 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.NATARJA NAGAR 1st STREET above the median.

• S.V.Natarajan Nagar: Rs 3,900 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.NATARJA NAGAR 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.V.NATARJA NAGAR 1st STREET?

The Sub Registrar Office that covers S.V.NATARJA NAGAR 1st STREET is 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the purchase or sale of property.

Frequently asked questions

What is the current guideline value of S.V.NATARJA NAGAR 1st STREET?

The current guideline value of S.V.NATARJA NAGAR 1st STREET is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,010 per sq.ft to Rs 3,300 per sq.ft in 2024. This represents an overall increase of 64% over the seven-year period.

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

Other streets in Sholinganallur - 1 include S.V.Natarajan Nagar at Rs 3,900 per sq.ft, S.V.Sankar Salai (Near Canal) at Rs 1,700 per sq.ft, and Syamala Garden at Rs 4,400 per sq.ft, among others.

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 are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000.