Guideline Value for Sharveswarar Nagar

Sharveswarar Nagar guideline value

The current guideline value of Sharveswarar Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sharveswarar Nagar has changed

Since the 2007 revision, the guideline value for Sharveswarar Nagar has seen significant changes. In 2007, the value was Rs 155 per sq.ft, which increased to Rs 600 per sq.ft in 2012, marking a substantial rise of 287%. However, from 2012 to 2017, the value decreased to Rs 402 per sq.ft, a drop of 33%. The value then increased again to Rs 600 per sq.ft in 2023 and has remained the same in the 2024 revision, showing no change from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 287%.

Guideline values in Kavanur

In Kavanur, there are 109 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 500 to Rs 2,239 per sq.ft. The median value for these streets is Rs 800 per sq.ft, indicating that the guideline value of Sharveswarar Nagar is below this median.

• Shirdi Sai Avenue: Rs 500 per sq.ft (2024)
• Sky Nagar: Rs 700 per sq.ft (2024)
• Sri Andal Co-op Nagar: Rs 600 per sq.ft (2024)
• Sri Andal Co-op Nagar Extn, Part-II: Rs 600 per sq.ft (2024)
• Sri Gopalakrishna Nagar: Rs 1,000 per sq.ft (2024)
• Sri Gopalakrishna Nagar Extension: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sharveswarar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sharveswarar Nagar?

The Sub Registrar Office that covers Sharveswarar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kavanur. It serves as a benchmark for determining the minimum value at which the property can be registered.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sharveswarar Nagar?

The current guideline value of Sharveswarar Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 155 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and returned to Rs 600 per sq.ft in 2023 and 2024.

What are the guideline values of other streets in Kavanur?

Other streets in Kavanur have varying guideline values, with rates ranging from Rs 500 to Rs 1,000 per sq.ft in 2024. The median value for the area is Rs 800 per sq.ft.

What is the stamp duty rate in Sharveswarar Nagar?

The stamp duty rate in Sharveswarar Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.