Guideline Value for S.V.T.NAGAR

S.V.T.Nagar guideline value

The current guideline value of S.V.T.Nagar, located in Pukkathurai village under the Madurandakam SRO, is Rs 401 per sq.ft effective from 1 July 2024. The land classification for this area is Mixed Type - I.

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

The guideline value for S.V.T.Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 80 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017, before rising to Rs 400 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 401 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. The overall change from the 2007 revision to the current 2024 guideline value is an increase of Rs 401 per sq.ft.

Guideline values in Pukkathurai

Pukkathurai village has eight streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 301 to Rs 750 per sq.ft, with the median value being Rs 401 per sq.ft. S.V.T.Nagar's 2024 guideline value is equal to this median.

• Teachers Lalith Nagar: Rs 401 per sq.ft (2024)
• Rpg Metro City: Rs 401 per sq.ft (2024)
• Rpg Global City: Rs 301 per sq.ft (2024)
• Kurinji Nagar: Rs 301 per sq.ft (2024)
• Anbu Priyal Nagar: Rs 401 per sq.ft (2024)
• Sameera Meridian Phase-I: Rs 500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value would be Rs 4,01,000. The stamp duty at 7% would be Rs 28,070, and the registration fee at 2% would be Rs 8,020, totaling Rs 36,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers S.V.T.Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pukkathurai. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When registering a property, the buyer must pay the applicable stamp duty based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of S.V.T.Nagar is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2007 to Rs 401 per sq.ft in 2024, showing an overall increase of Rs 401 per sq.ft over the years.

What are the other streets in Pukkathurai with their guideline values?

Other streets in Pukkathurai include Teachers Lalith Nagar, Rpg Metro City, Rpg Global City, Kurinji Nagar, Anbu Priyal Nagar, and Sameera Meridian Phase-I, with values ranging from Rs 301 to Rs 500 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in S.V.T.Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would be Rs 36,090 based on the current guideline value.

Where is the Sub Registrar Office for S.V.T.Nagar located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone, covering S.V.T.Nagar.