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Guideline Value

Corporate

Guideline Value for SELVA NAGAR - ANNAI ILLAM

₹2300/sq.ft.

The guideline value for Selva Nagar - Annai Illam in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 2300 per sq.ft, effective 1 July 2024. It was Rs 2090 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹2300 /sq.ft.
From 1-4-2023 ₹2090 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1400 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Selva Nagar - Annai Illam

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Selva Nagar - Annai Illam guideline value

The current guideline value of Selva Nagar - Annai Illam is Rs 2,300 per sq.ft, effective from 1 July 2024. This property is located in Varadarajapuram village under the Padappai SRO, classified as Residential Special Type - III.

How the guideline value of Selva Nagar - Annai Illam has changed

The guideline value for Selva Nagar - Annai Illam has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 1,400 per sq.ft. This increased to Rs 2,090 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value rise to Rs 2,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, positioning Selva Nagar - Annai Illam above this median.

Stamp duty and registration fee for property in Selva Nagar - Annai Illam

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value would be Rs 23,00,000. The stamp duty at 7% would amount to Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, resulting in a total of Rs 2,07,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selva Nagar - Annai Illam?

The Sub Registrar Office that covers Selva Nagar - Annai Illam is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Varadarajapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the authorities will assess the guideline value to calculate the applicable fees. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for fee calculations.

Frequently asked questions

What is the current guideline value of Selva Nagar - Annai Illam?

The current guideline value of Selva Nagar - Annai Illam is Rs 2,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,400 per sq.ft in 2017 to Rs 2,090 per sq.ft in 2023, and then to Rs 2,300 per sq.ft in 2024. This indicates a significant overall increase of 64% from 2017 to 2024.

What are the other streets in Varadarajapuram and their guideline values?

Other streets in Varadarajapuram include Selva Nagar Extn at Rs 1,650 per sq.ft, Selva Nagar at Rs 1,100 per sq.ft, and Senthil Nagar at Rs 1,650 per sq.ft, among others.

What is the registration fee for property in Selva Nagar - Annai Illam?

The registration fee for property in Selva Nagar - Annai Illam is calculated based on the guideline value. For example, for a property valued at Rs 23,00,000, the registration fee would be Rs 46,000 at 2%.

Where can I find the Sub Registrar Office for Selva Nagar - Annai Illam?

The Sub Registrar Office for Selva Nagar - Annai Illam is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.