Guideline Value for SELVA NAGAR

Selva Nagar guideline value

The current guideline value of Selva Nagar, located in Ottanthangal village under the Walajabad SRO, is Rs 224 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Selva Nagar has changed

In the 2023 revision, the guideline value for Selva Nagar was also set at Rs 224 per sq.ft. There has been no change in the guideline value from 2023 to 2024, reflecting a 0% increase.

For the years prior to 2023, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002. Thus, the only available figures for Selva Nagar are from the 2023 and 2024 revisions.

Guideline values in Ottanthangal

Currently, there are no specific village figures available for Ottanthangal. Selva Nagar is one of the streets under the Walajabad SRO. Other streets in Ottanthangal include:

Stamp duty and registration fee for property in Selva Nagar

For a 1,000 sq.ft plot at the current rate of Rs 224 per sq.ft, the guideline value amounts to Rs 2,24,000. The stamp duty at 7% would be Rs 15,680, and the registration fee at 2% would be Rs 4,480, totaling Rs 20,160. Note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Selva Nagar?

Selva Nagar falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Ottanthangal, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value serves as a reference point for the official assessment of property transactions.

It is essential to note that the guideline value can influence the overall cost of property registration, as the duty is charged on the higher of the guideline value or the sale price. Buyers and sellers should be aware of this when negotiating property transactions.

Frequently asked questions

What is the current guideline value of Selva Nagar?

The current guideline value of Selva Nagar is Rs 224 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Selva Nagar has remained constant at Rs 224 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Selva Nagar?

Selva Nagar is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles the registration of properties in Selva Nagar.

How are stamp duty and registration fees calculated in Selva Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 20,160 based on the current guideline value.