Guideline Value for SPV ONE

Spv One guideline value

The current guideline value of Spv One in Kudapakkam village, under the Avadi SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Spv One has changed

The guideline value for Spv One has remained consistent at Rs 600 per sq.ft for the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 in the register for this street.

From the 2023 revision to the 2024 revision, there was no change, reflecting a stable guideline value of Rs 600 per sq.ft.

Guideline values in Kudapakkam

In Kudapakkam, there are 12 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 234 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 425 per sq.ft, placing Spv One's 2024 figure above this median.

• Spv One Phase-II: Rs 700 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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. 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 details.

Which Sub Registrar Office covers Spv One?

The Sub Registrar Office that covers Spv One is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Kudapakkam. At the time of registration, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential to note that the stamp duty is charged based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Spv One?

The current guideline value of Spv One is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Spv One has remained at Rs 600 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification of Spv One?

Spv One is classified as Residential Special Type - I, indicating its designation for residential purposes.

How is the stamp duty calculated for property transactions?

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 6,00,000, the stamp duty at 7% would be Rs 42,000.

Where can I find the Sub Registrar Office for Spv One?

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