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Guideline Value

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Guideline Value for SELVA NAGAR, GOVARTHANAGIRI EXTN

₹1625/sq.ft.

The guideline value for Selva Nagar, Govarthanagiri Extn in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1625 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1625 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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, Govarthanagiri Extn

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Selva Nagar, Govarthanagiri Extn guideline value

The current guideline value of Selva Nagar, Govarthanagiri Extn is Rs 1,625 per sq.ft, effective from 1 July 2024. This area is located in Paruthipattu village under the Avadi SRO, and the land classification is Residential Special Type - I.

How the guideline value of Selva Nagar, Govarthanagiri Extn has changed

The guideline value for Selva Nagar has undergone several revisions over the years. The earliest recorded value is from 2012, which was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The value then increased significantly to Rs 1,500 per sq.ft in 2023, and it has now risen to Rs 1,625 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 87%. Overall, from 2012 to 2024, the guideline value has increased by 35%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with a 2024 guideline value range from Rs 801 to Rs 4,730 per sq.ft. The median guideline value is Rs 1,625 per sq.ft, which is the same as the current rate for Selva Nagar.

Stamp duty and registration fee for property in Selva Nagar, Govarthanagiri Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total to Rs 1,46,250. 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 Selva Nagar, Govarthanagiri Extn?

The Sub Registrar Office that covers Selva Nagar, Govarthanagiri Extn is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Paruthipattu. It is used to determine the stamp duty and registration fees when buying or selling property in the area. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees during registration.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Selva Nagar?

The current guideline value of Selva Nagar, Govarthanagiri Extn is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,625 per sq.ft in 2024.

What is the land classification for Selva Nagar?

The land classification for Selva Nagar, Govarthanagiri Extn is Residential Special Type - I.

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

The Sub Registrar Office for Selva Nagar is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for property in Selva Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 16,25,000, the stamp duty would be Rs 1,13,750 at a rate of 7%.