Guideline Value for S.V.R.Nagar

S.V.R.Nagar guideline value

The current guideline value of S.V.R.Nagar is Rs 200 per sq.ft, effective from the 2024 revision. This street is located in 69/17karanai village under the Tiruvallur Joint 1 SRO, classified as Residential Class III Type - I.

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

The guideline value for S.V.R.Nagar has remained consistent at Rs 200 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

With the 2024 revision effective from 1 July 2024, there has been no percentage change from the 2023 revision, which also recorded a value of Rs 200 per sq.ft. This stability indicates that the guideline value has not fluctuated over the last two years.

Guideline values in 69/17karanai

In 69/17karanai, there are seven streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for S.V.R.Nagar is below this median.

• RAM Nagar: Rs 200 per sq.ft (2024)
• Gomathi Amman Nagar Phase -III: Rs 250 per sq.ft (2024)
• J C Nagar: Rs 200 per sq.ft (2024)
• Lotus Garden: Rs 300 per sq.ft (2024)
• Sri Sai Nagar Extension II: Rs 250 per sq.ft (2024)
• Udayam Nagar: Rs 400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 further calculations.

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

The Sub Registrar Office that covers S.V.R.Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 69/17karanai

The guideline value is a critical factor in property transactions in 69/17karanai, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of S.V.R.Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for S.V.R.Nagar has remained at Rs 200 per sq.ft for the years 2023 and 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the other streets in 69/17karanai and their guideline values?

Other streets in 69/17karanai include RAM Nagar at Rs 200 per sq.ft, Gomathi Amman Nagar Phase -III at Rs 250 per sq.ft, J C Nagar at Rs 200 per sq.ft, Lotus Garden at Rs 300 per sq.ft, Sri Sai Nagar Extension II at Rs 250 per sq.ft, and Udayam Nagar at Rs 400 per sq.ft.

How is stamp duty calculated for properties in S.V.R.Nagar?

Stamp duty for properties in S.V.R.Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 2,00,000 would incur a stamp duty of Rs 14,000.

Where can I find the Sub Registrar Office for S.V.R.Nagar?

The Sub Registrar Office for S.V.R.Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.