Guideline Value for S.V.S.RIVER VIEW RESIDENCY

S.V.S.River View Residency guideline value

The current guideline value of S.V.S.River View Residency is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of S.V.S.River View Residency has changed

The guideline value for S.V.S.River View Residency has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 2,000 per sq.ft. This figure then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and finally, it rose to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change in guideline value is an increase of 10%. The specific changes between revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, making the current value of S.V.S.River View Residency above this median.

• Suthananda Salai: Rs 3,300 per sq.ft (2024)
• Sunitha Desai Road: Rs 3,900 per sq.ft (2024)
• Summer Winds Layout: Rs 3,900 per sq.ft (2024)
• Thandu Mariamman Koil Street: Rs 1,700 per sq.ft (2024)
• THANTHONI AMMAN KOIL 1st STREET: Rs 1,700 per sq.ft (2024)
• THANTHONI AMMAN KOIL 2nd STREET: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in S.V.S.River View Residency

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers S.V.S.River View Residency?

The S.V.S.River View Residency is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthandi. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties are aware of the financial obligations involved.

When registering a property, the guideline value serves as a benchmark for the minimum price at which the property can be sold. This helps maintain transparency in property transactions and ensures that the government receives the appropriate revenue from stamp duties and registration fees.

Frequently asked questions

What is the current guideline value of S.V.S.River View Residency?

The current guideline value of S.V.S.River View Residency is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of S.V.S.River View Residency?

S.V.S.River View Residency is classified as Residential Class II Type - I.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Uthandi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.