Guideline Value for Sarveshvaran Nagar

Sarveshvaran Nagar guideline value

The current guideline value of Sarveshvaran Nagar, a village in Uthukkadu under the Walajabad SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Sarveshvaran Nagar has changed

The guideline value for Sarveshvaran Nagar has seen several revisions over the years. In the 2017 revision, the value was Rs 201 per sq.ft. This remained unchanged in the 2023 revision, which also recorded Rs 300 per sq.ft. The latest revision in 2024 maintained the same value of Rs 300 per sq.ft, reflecting a 0% change from 2023. Overall, there has been a 49% increase from the 2017 figure to the current 2024 figure.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Therefore, the only revisions that show a guideline value are from 2017, 2023, and 2024.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft. The median value of these streets is Rs 350 per sq.ft, which indicates that Sarveshvaran Nagar's 2024 figure is below the median.

• Sri Akshaya Garden: Rs 400 per sq.ft (2024)
• Sri Balaji Avenue: Rs 771 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)
• Sri Hari Nagar: Rs 300 per sq.ft (2024)
• Raja Avenue: Rs 400 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sarveshvaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total 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, leading to a total of Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sarveshvaran Nagar?

The Sarveshvaran Nagar area is covered by the Walajabad Sub Registrar Office located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of properties in Uthukkadu - A. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties involved in the transaction. It is essential to be aware of this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sarveshvaran Nagar?

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

How has the guideline value changed over the years?

From 2017 to 2024, the guideline value increased by 49%. The value was Rs 201 per sq.ft in 2017 and has remained at Rs 300 per sq.ft in the 2023 and 2024 revisions.

What are the guideline values of other streets in Uthukkadu - A?

Other streets in Uthukkadu - A have varying guideline values, with rates ranging from Rs 200 to Rs 800 per sq.ft. The median value of these streets is Rs 350 per sq.ft.

How is stamp duty calculated in Sarveshvaran Nagar?

Stamp duty in Sarveshvaran Nagar is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Which office handles property registration in Sarveshvaran Nagar?

The Walajabad Sub Registrar Office handles property registration in Sarveshvaran Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.