Guideline Value for S.V.P NRI RESIDENCY

S.V.P Nri Residency guideline value

The current guideline value for S.V.P Nri Residency in Agaram village is Rs 150 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad SRO and is classified as Residential Class III Type - I.

How the guideline value of S.V.P Nri Residency has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, representing a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 150 per sq.ft. The 2023 revision also maintained the same value of Rs 150 per sq.ft, which was carried forward into the 2024 revision, resulting in no percentage change from 2023 to 2024.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 150 per sq.ft.

Guideline values in Agaram

In Agaram, there are three streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft, with a median value of Rs 200 per sq.ft. S.V.P Nri Residency's 2024 figure is below this median.

• Neo Agaram: Rs 300 per sq.ft (2024)
• Jai Garden: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in S.V.P Nri Residency

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 further calculations.

Which Sub Registrar Office covers S.V.P Nri Residency?

The S.V.P Nri Residency is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when buying or selling property in Agaram. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers should be aware that the guideline value serves as a benchmark for calculating these costs.

When registering a property, the guideline value is compared against the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the registration fees reflect the true value of the transaction.

Frequently asked questions

What is the current guideline value of S.V.P Nri Residency?

The current guideline value of S.V.P Nri Residency is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision in 2024 maintaining the value at Rs 150 per sq.ft. The value decreased to Rs 100 per sq.ft in 2017 but increased back to Rs 150 per sq.ft by 2023.

What are the stamp duty and registration fees for S.V.P Nri Residency?

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total stamp duty and registration fees would amount to Rs 13,500, which includes Rs 10,500 for stamp duty and Rs 3,000 for registration fees.

Which office handles the registration for S.V.P Nri Residency?

The Walajabad Sub Registrar Office handles the registration for S.V.P Nri Residency. It is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the guideline value determined for properties in Agaram?

The guideline value for properties in Agaram is determined by the Registration Department's guideline value register. It reflects the market conditions and is revised periodically to ensure accurate valuation for stamp duty and registration fees.