Guideline Value for SVP garden

SVP garden guideline value

The current guideline value of SVP garden in Puthakaram village is Rs 150 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad SRO and is classified as Residential Class I Type - I.

How the guideline value of SVP garden has changed

The guideline value for SVP garden has undergone several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision saw a decrease to Rs 100 per sq.ft, before returning to Rs 150 per sq.ft in the 2023 revision. The 2024 revision has maintained this figure at Rs 150 per sq.ft, indicating no change from the previous year.

From 2012 to 2017, the guideline value decreased by 33%, while from 2017 to 2023, it increased by 50%. Overall, from 2012 to 2024, the guideline value has remained unchanged.

Guideline values in Puthakaram

In Puthakaram, there are 10 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing SVP garden's 2024 figure below this median.

• Sri Gunnalamman Nagar: Rs 150 per sq.ft (2024)
• Sri Dakshina Moorthy Nagar: Rs 250 per sq.ft (2024)
• Sai Thiruchandur Murugan Nagar: Rs 250 per sq.ft (2024)
• P.J.R Green Lands: Rs 150 per sq.ft (2024)
• Nandhavanam: Rs 200 per sq.ft (2024)
• Indraprastha: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in SVP garden

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total charges Rs 13,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers SVP garden?

The SVP garden is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Puthakaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price.

When buying or selling property, the guideline value helps both parties understand the official worth of the property, which is essential for legal and financial processes. It is important to be aware of the current guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of SVP garden?

The current guideline value of SVP garden is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since the 2012 revision, with a decrease to Rs 100 per sq.ft in 2017, then returning to Rs 150 per sq.ft in 2023 and 2024.

What is the land classification for SVP garden?

SVP garden is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in SVP garden?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 13,500, based on the guideline value of Rs 1,50,000.

Which office handles property registration for SVP garden?

The Walajabad Sub Registrar Office handles property registration for SVP garden, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.