Guideline Value for SELVA BOOPATHY NAGAR

Selva Boopathy Nagar guideline value

The current guideline value of Selva Boopathy Nagar is Rs 102 per sq.ft, effective from 1 July 2024. This area falls under 196 Nalloor village and is registered with the Cheyyur SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Selva Boopathy Nagar has changed

The guideline value for Selva Boopathy Nagar has seen a revision in recent years. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 102 per sq.ft, an increase of 2% from the previous year's figure of Rs 100 per sq.ft established in the 2023 revision. The register does not provide figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there were no recorded figures for the years mentioned above. The consistent increase from 2023 to 2024 indicates a minor adjustment in property valuation within this locality.

Guideline values in 196 Nalloor

Currently, there are no specific guideline values provided for other streets in 196 Nalloor. The only data available pertains to Selva Boopathy Nagar.

Stamp duty and registration fee for property in Selva Boopathy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 102 per sq.ft, the guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, leading to a total of Rs 9,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Selva Boopathy Nagar?

Selva Boopathy Nagar is covered by the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 196 Nalloor

The guideline value plays a crucial role during the registration process when buying or selling property in 196 Nalloor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the current valuation of the property.

When a property is sold, the guideline value is considered alongside the sale price, with the higher amount being used to determine the applicable duties. This ensures that the registration process is aligned with the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of Selva Boopathy Nagar?

The current guideline value of Selva Boopathy Nagar is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased by 2% from Rs 100 per sq.ft in 2023 to Rs 102 per sq.ft in 2024.

What is the registration office for Selva Boopathy Nagar?

The registration office for Selva Boopathy Nagar is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Selva Boopathy Nagar?

For a 1,000 sq.ft plot at the current guideline value of Rs 1,02,000, the stamp duty would be Rs 7,140 and the registration fee would be Rs 2,040, totaling Rs 9,180.

Are there other streets with guideline values in 196 Nalloor?

Currently, there are no specific guideline values provided for other streets in 196 Nalloor; the only available figure is for Selva Boopathy Nagar.