Guideline Value for S.V.Nagar

S.V.Nagar guideline value

The current guideline value of S.V.Nagar, located in Uthiramerur village under the Uthiramerur SRO, is Rs 900 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

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

Over the years, the guideline value of S.V.Nagar has seen several revisions. The earliest recorded revision is from 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 900 per sq.ft in 2012, marking an increase of 800%. However, it dropped to Rs 603 per sq.ft in 2017, a decrease of 33%. In 2023, the value returned to Rs 900 per sq.ft, and it has remained unchanged through to the 2024 revision.

From 2017 to 2023, there was an increase of 49%. The current guideline value of Rs 900 per sq.ft in 2024 represents a 0% change from the previous year. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing S.V.Nagar's 2024 figure above this median.

• Sunnambukkara Street: Rs 1,000 per sq.ft (2024)
• Sundharavaradhaja Perumal Sannadhi Street: Rs 1,500 per sq.ft (2024)
• Thalaiyari Street: Rs 700 per sq.ft (2024)
• Thandavaraya chetty Street: Rs 1,500 per sq.ft (2024)
• Thandukkara Street: Rs 1,500 per sq.ft (2024)
• Subiramaniya swami sannadhi street: Rs 1,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total fees together to Rs 81,000. It is important to note that 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.Nagar?

The Sub Registrar Office that covers S.V.Nagar 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 Uthiramerur

The guideline value plays a crucial role in property transactions in Uthiramerur. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration. Buyers and sellers must consider the guideline value as it directly impacts the overall cost of the transaction.

When a property is sold, the guideline value is referenced to calculate the applicable duties. This ensures that both the buyer and seller are aware of the financial obligations associated with the sale, based on the established guideline value for the property.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has seen various changes, with notable increases and decreases since 2007. The value increased from Rs 100 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, before returning to Rs 900 per sq.ft in 2023 and remaining the same in 2024.

What are the other streets in Uthiramerur and their guideline values?

Other streets in Uthiramerur have varying guideline values. For instance, Sunnambukkara Street is valued at Rs 1,000 per sq.ft, while Sundharavaradhaja Perumal Sannadhi Street is at Rs 1,500 per sq.ft. The values range significantly across the 180 streets in the area.

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

For a property valued at Rs 9,00,000 in S.V.Nagar, the stamp duty would be Rs 63,000 and the registration fee would be Rs 18,000, totaling Rs 81,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for S.V.Nagar located?

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