Guideline Value for SVR AVENUE

Svr Avenue guideline value

The current guideline value of Svr Avenue is Rs 1,205 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Svr Avenue has changed

The guideline value for Svr Avenue has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 1,200 per sq.ft, and in the 2024 revision, it increased slightly to Rs 1,205 per sq.ft, reflecting a change of +0% between these two years.

As of the 2024 revision, the current guideline value stands at Rs 1,205 per sq.ft. The previous revision in 2023 was Rs 1,200 per sq.ft, indicating stability in the guideline value for the past year.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO with guideline values ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, positioning Svr Avenue's 2024 figure above that median.

• Thanthaiperiyar Nagar: Rs 400 per sq.ft (2024)
• Thattan Medu: Rs 300 per sq.ft (2024)
• Thiruppur Kumarn Nagar 1st Cross Street: Rs 400 per sq.ft (2024)
• Thiruppur Kumarn Nagar 1st Street: Rs 600 per sq.ft (2024)
• Thiruppur Kumarn Nagar 2nd Cross Street: Rs 400 per sq.ft (2024)
• Thiruppur Kumarn Nagar 2nd Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Svr Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,205 per sq.ft, the guideline value amounts to Rs 12,05,000. The stamp duty at 7% would be Rs 84,350, and the registration fee at 2% would be Rs 24,100, totaling Rs 1,08,450. It is important to note that the 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 Svr Avenue?

The Sub Registrar Office that covers Svr Avenue is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Svr Avenue?

The current guideline value of Svr Avenue is Rs 1,205 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Svr Avenue has remained stable, with the 2023 revision at Rs 1,200 per sq.ft and the 2024 revision at Rs 1,205 per sq.ft, reflecting a change of +0%.

What is the land classification for Svr Avenue?

The land classification for Svr Avenue is Mixed Type - I, which indicates the type of development and usage permitted in the area.

What are the stamp duty and registration fees for properties in Svr Avenue?

For a property valued at Rs 12,05,000, the stamp duty is Rs 84,350 and the registration fee is Rs 24,100, totaling Rs 1,08,450. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Svr Avenue?

The Thirukazhukundram Sub Registrar Office handles property registrations for Svr Avenue, located at Thiruchengode - 637 211, Chengalpattu registration zone.