Guideline Value for S.V.S NAGAR

S.V.S Nagar guideline value

The current guideline value of S.V.S Nagar, located in Kaivandoor village under the Tiruvallur Joint 1 SRO, is Rs 120 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

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

In the 2024 revision, the guideline value for S.V.S Nagar is set at Rs 120 per sq.ft. The previous revision in 2023 also recorded the same figure of Rs 120 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, there has been no change in the guideline value from 2023 to 2024, reflecting a 0% change. The absence of figures in earlier revisions indicates a stable valuation in recent years.

Guideline values in Kaivandoor

In Kaivandoor, there are 9 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 120 to Rs 750 per sq.ft, with a median value of Rs 150 per sq.ft. S.V.S Nagar's 2024 figure is below this median.

• Vijayalakshmi Avenue: Rs 750 per sq.ft (2024)
• R.K.Nagar Town Ship: Rs 120 per sq.ft (2024)
• Karpaga Vinayagar Nagar: Rs 150 per sq.ft (2024)
• Gaja Lakshmi Nagar: Rs 150 per sq.ft (2024)
• Eswaran Nagar: Rs 150 per sq.ft (2024)
• Blooming Gardens Phase-II: Rs 500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 120 per sq.ft, the guideline value amounts to Rs 1,20,000. The stamp duty at 7% would be Rs 8,400, and the registration fee at 2% would be Rs 2,400, totaling Rs 10,800. 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.S Nagar?

The Sub Registrar Office that covers S.V.S 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 Kaivandoor

The guideline value is a crucial factor in the registration of property transactions in Kaivandoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When buying or selling property, the guideline value helps to determine the minimum price at which the property can be registered. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value of S.V.S Nagar is Rs 120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 120 per sq.ft for the revisions in 2023 and 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for S.V.S Nagar?

The land classification for S.V.S Nagar is Residential Class III Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates for properties in S.V.S Nagar?

The stamp duty for properties in S.V.S Nagar is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is set at 2% of the guideline value.

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

The Sub Registrar Office for S.V.S Nagar is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find more details by visiting the relevant link.