Guideline Value for SSV Nagar

SSV Nagar guideline value

The current guideline value of SSV Nagar in Valarpuram village, under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of SSV Nagar has changed

The guideline value for SSV Nagar has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012, marking a 200% rise. However, the value remained unchanged at Rs 300 per sq.ft during the 2017 revision and continued at the same rate through to the 2023 revision.

From 2017 to 2023, the guideline value increased by 49%. The most recent revision in 2024 has not changed the value, maintaining it at Rs 300 per sq.ft, which is equal to the median value of Rs 300 per sq.ft for the 91 streets in Valarpuram under the Sriperumpudur SRO. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Valarpuram

In Valarpuram, the guideline values range from Rs 100 to Rs 2,025 per sq.ft, with the median being Rs 300 per sq.ft. SSV Nagar's 2024 figure aligns with this median. Here are some other streets in Valarpuram:

• S.S.A. Nagar: Rs 300 per sq.ft (2024)
• Sri Vigneswara Nagar: Rs 400 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 400 per sq.ft (2024)
• Subham: Rs 700 per sq.ft (2024)
• Subham Extension: Rs 700 per sq.ft (2024)
• Sri Venkatachalapathy Annex: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in SSV Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SSV Nagar?

The Sub Registrar Office that covers SSV Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Valarpuram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately and legally.

When buying or selling property, the guideline value provides a benchmark for both buyers and sellers. It helps in setting expectations for the sale price and ensures compliance with the legal requirements for property transactions.

Frequently asked questions

What is the current guideline value of SSV Nagar?

The current guideline value of SSV Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a significant increase from Rs 100 per sq.ft in 2007 to Rs 300 per sq.ft in 2012. There was a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

Where can I find the Sub Registrar Office for SSV Nagar?

The Sub Registrar Office for SSV Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in SSV Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

What is the land classification of SSV Nagar?

SSV Nagar is classified as Residential Class II Type - I, indicating its use for residential purposes.