Guideline Value

Corporate

Guideline Value for SELVA NAGAR

₹990/sq.ft.

The guideline value for Selva Nagar in Paleripattu village (Avadi SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paleripattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹180 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹114 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹101 /sq.ft.
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

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Selva Nagar guideline value

The current guideline value of Selva Nagar, located in Paleripattu village under the Avadi SRO, is Rs 990 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Selva Nagar has changed

Over the years, the guideline value of Selva Nagar has seen several revisions. The earliest recorded figure is from 2002, when the guideline value was Rs 101 per sq.ft. This increased to Rs 114 per sq.ft in 2003, marking a change of +13%. The value then rose significantly to Rs 180 per sq.ft in 2007, reflecting a +58% increase. Following that, the guideline value surged to Rs 900 per sq.ft in 2012, representing a remarkable +400% change. However, it decreased to Rs 603 per sq.ft in 2017, showing a decline of -33%. The value then increased to Rs 900 per sq.ft in 2023, before reaching the current figure of Rs 990 per sq.ft in 2024, which is a +10% change.

In summary, from 2002 to 2024, the overall increase in the guideline value for Selva Nagar is +880%. There are no recorded figures for the years not mentioned above.

Guideline values in Paleripattu

Paleripattu village has 111 streets under the Avadi SRO that carry a 2024 guideline value figure, ranging from Rs 801 to Rs 4,200 per sq.ft. The median value is Rs 990 per sq.ft, which is equal to the 2024 figure for Selva Nagar. Below are the guideline values for other streets in Paleripattu:

Stamp duty and registration fee for property in Selva Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selva Nagar?

Selva Nagar falls under the jurisdiction of the Avadi Sub Registrar Office, located at 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 Paleripattu

The guideline value is a crucial factor during property registration in Paleripattu. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during property transfers.

When a property is sold, the guideline value is used to calculate the applicable taxes, which can impact the overall cost of the transaction. It is essential for both parties to be aware of the current guideline value to make informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Selva Nagar?

The current guideline value of Selva Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 101 per sq.ft in 2002 to Rs 990 per sq.ft in 2024, showing an overall increase of +880% over the years.

What are the other streets in Paleripattu with the same guideline value?

Other streets in Paleripattu with the same guideline value of Rs 990 per sq.ft include Sekkadu Main Road, Seethakathi St, Sathiyamurthy St, Sargunam St, and Sapthagiri Nagar & Street.

What is the registration fee for property in Selva Nagar?

The registration fee for property in Selva Nagar is calculated based on the guideline value. For a property valued at Rs 9,90,000, the registration fee at 2% would be Rs 19,800.

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

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