Guideline Value for SRI S.V. NAGAR

Sri S.V. Nagar guideline value

The current guideline value of Sri S.V. Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Arani village under the Arani_Tiruvallur SRO, classified as Residential Class IV Type - I.

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

In the 2017 revision, the guideline value for Sri S.V. Nagar was Rs 134 per sq.ft. This value increased to Rs 200 per sq.ft in the 2023 revision, marking a 49% rise. The 2024 revision maintained this value at Rs 200 per sq.ft, resulting in no change from the previous year.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. Sri S.V. Nagar's 2024 figure is below this median.

• Sri Sathya Saibaba Nagar Extension: Rs 300 per sq.ft (2024)
• Sri Sai Avenue: Rs 200 per sq.ft (2024)
• Sri Ragavendra Nagar: Rs 200 per sq.ft (2024)
• Subramani Nagar: Rs 200 per sq.ft (2024)
• Tamil Colony: Rs 300 per sq.ft (2024)
• Sri Chamundeswari Nagar Annexe: Rs 250 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 precise calculations.

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

Sri S.V. Nagar is covered by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101, Chennai registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Arani. It is used to determine the stamp duty and registration fees payable when buying or selling property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to be aware of the current guideline value, as it directly affects the overall cost of the transaction. Buyers should ensure they have the correct information to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Sri S.V. Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 134 per sq.ft to Rs 200 per sq.ft in both the 2023 and 2024 revisions, representing a 49% increase overall.

Are there any revisions without figures for Sri S.V. Nagar?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Sri S.V. Nagar.

What are the guideline values of other streets in Arani?

Other streets in Arani have varying guideline values, ranging from Rs 200 to Rs 600 per sq.ft. For example, Sri Sathya Saibaba Nagar Extension is Rs 300 per sq.ft, while Sri Sai Avenue, Sri Ragavendra Nagar, and Subramani Nagar are all Rs 200 per sq.ft.

How is stamp duty calculated for properties in Sri S.V. Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, leading to a stamp duty of Rs 14,000 at 7%.