Guideline Value for New Selva Seeman Extension

New Selva Seeman Extension guideline value

The current guideline value of New Selva Seeman Extension is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Vedapalayam village under the Uthiramerur SRO, classified as Residential Special Type - I.

How the guideline value of New Selva Seeman Extension has changed

According to the register, there have been revisions in the guideline value for New Selva Seeman Extension in 2023 and 2024, both set at Rs 600 per sq.ft. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 600 per sq.ft. The previous revisions also recorded the same value, indicating stability in the guideline value for this period.

Guideline values in Vedapalayam

In Vedapalayam, there are 29 streets under the Uthiramerur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 900 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing New Selva Seeman Extension above this median.

• Nukallamman Koil Street: Rs 600 per sq.ft (2024)
• Narasima Nagar: Rs 400 per sq.ft (2024)
• Muthu Krishna Avenu: Rs 400 per sq.ft (2024)
• M.G.R Nagar: Rs 400 per sq.ft (2024)
• Prabhu Avenu: Rs 400 per sq.ft (2024)
• Mannan Kodisai 3st Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in New Selva Seeman Extension

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Selva Seeman Extension?

The New Selva Seeman Extension is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Vedapalayam. It determines the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial implications associated with the transaction, as the duty is charged on the higher of the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of New Selva Seeman Extension?

The current guideline value of New Selva Seeman Extension is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 600 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for New Selva Seeman Extension?

New Selva Seeman Extension is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where can I find the Uthiramerur Sub Registrar Office?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,00,000, the stamp duty at 7% would amount to Rs 42,000.