Guideline Value for SPV ONE PHASE-II

Spv One Phase-II guideline value

The current guideline value of Spv One Phase-II is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Kudapakkam village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Spv One Phase-II has changed

The guideline value register for Spv One Phase-II shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded the guideline value at Rs 700 per sq.ft, which remained unchanged in the 2024 revision, also set at Rs 700 per sq.ft. This indicates that there was no percentage change from 2023 to 2024.

Both the 2023 and 2024 revisions reflect a consistent guideline value of Rs 700 per sq.ft. The lack of figures in earlier revisions suggests that the guideline value for this street has remained stable in recent years.

Guideline values in Kudapakkam

Kudapakkam village contains 12 streets under the Avadi SRO with a 2024 guideline value range from Rs 234 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 425 per sq.ft, placing the Spv One Phase-II guideline value above this median.

• Spv One: Rs 600 per sq.ft (2024)
• Sri Balamurugan Nagar: Rs 300 per sq.ft (2024)
• Sri Chakra Nagar: Rs 300 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)
• Valluvar Nagar: Rs 234 per sq.ft (2024)
• Vikas Royal Enclave: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Spv One Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, resulting in a total of Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Spv One Phase-II?

The Spv One Phase-II area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Kudapakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the authorities will assess the guideline value to calculate the applicable fees. This ensures that the transaction is recorded accurately and that the necessary taxes are collected based on the established guidelines.

Frequently asked questions

What is the current guideline value of Spv One Phase-II?

The current guideline value of Spv One Phase-II is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Spv One Phase-II has remained at Rs 700 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Kudapakkam?

The median guideline value in Kudapakkam is Rs 425 per sq.ft, with Spv One Phase-II's guideline value being above this median.

What are the stamp duty and registration fees for properties in Spv One Phase-II?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 700 per sq.ft would incur a total of Rs 63,000 in fees.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.