Guideline Value for S.V.P. Estate Lakshmi Nagar

S.V.P. Estate Lakshmi Nagar guideline value

The current guideline value of S.V.P. Estate Lakshmi Nagar is Rs 350 per sq.ft, effective from 1 July 2024. This property is located in Nattarasampattu village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of S.V.P. Estate Lakshmi Nagar has changed

Over the years, the guideline value for S.V.P. Estate Lakshmi Nagar has seen several revisions. Starting from the 2007 revision, the value was Rs 50 per sq.ft, which increased significantly to Rs 350 per sq.ft in 2012. However, in the 2017 revision, the value decreased to Rs 234 per sq.ft. The 2023 revision maintained the value at Rs 350 per sq.ft, and the 2024 revision also remains at Rs 350 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a 50% increase, while the change from 2012 to 2017 was a decrease of 33%. The substantial increase from 2007 to 2012 was 600%. Overall, from 2007 to 2024, the guideline value has increased by 600%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nattarasampattu

Nattarasampattu village has 24 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 250 to Rs 700 per sq.ft. The median guideline value is Rs 350 per sq.ft, making S.V.P. Estate Lakshmi Nagar's 2024 figure equal to this median.

• S.V.P. Estate Lakshmi Nagar Phase-I: Rs 350 per sq.ft (2024)
• Subamathi Nagar: Rs 350 per sq.ft (2024)
• Valayapathi Avenue: Rs 350 per sq.ft (2024)
• Sri Adhitya Avenue: Rs 350 per sq.ft (2024)
• Sivagasinthamani Nagar: Rs 250 per sq.ft (2024)
• Shri Shanmuga Nagar: Rs 350 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value is Rs 3,50,000. The stamp duty at 7% amounts to Rs 24,500, and the registration fee at 2% is Rs 7,000, bringing the total fees to Rs 31,500. 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 more detailed calculations.

Which Sub Registrar Office covers S.V.P. Estate Lakshmi Nagar?

The S.V.P. Estate Lakshmi Nagar falls under the Gooduvancheri Sub Registrar Office located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

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

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

When purchasing or selling property in Nattarasampattu, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is established by the Registration Department and is used as a basis for these fees at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the transaction process. The guideline value reflects the minimum value at which property transactions must be registered.

Frequently asked questions

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

The current guideline value of S.V.P. Estate Lakshmi Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 350 per sq.ft in 2012, then decreased to Rs 234 per sq.ft in 2017. It remained at Rs 350 per sq.ft in both 2023 and 2024.

What is the median guideline value in Nattarasampattu?

The median guideline value in Nattarasampattu is Rs 350 per sq.ft, with S.V.P. Estate Lakshmi Nagar's 2024 figure matching this median.

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

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty is Rs 24,500, and the registration fee is Rs 7,000, totaling Rs 31,500.

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

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.