Guideline Value for SELVA VINAYAGAR KOIL STREET

Selva Vinayagar Koil Street guideline value

The current guideline value of Selva Vinayagar Koil Street is Rs 5,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Selva Vinayagar Koil Street has changed

The guideline value for Selva Vinayagar Koil Street has undergone several revisions over the years. In 2007, the value was Rs 1,300 per sq.ft, which increased significantly to Rs 4,900 per sq.ft in 2012. However, there was a decrease to Rs 3,283 per sq.ft in 2017. The value then rose to Rs 4,900 per sq.ft in 2023, before reaching the current figure of Rs 5,300 per sq.ft in 2024.

From 2017 to 2023, the increase was 49%. The 2023 to 2024 revision saw an increase of 8%. The overall increase from 2007 to 2024 is 308%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, making the current value of Selva Vinayagar Koil Street below that median.

• Senthil Nagar 1st Street: Rs 11,000 per sq.ft (2024)
• Senthil Nagar 2nd Street: Rs 8,800 per sq.ft (2024)
• Senthil Nagar 3rd Street: Rs 11,000 per sq.ft (2024)
• Senthil Nagar 4th Street: Rs 5,800 per sq.ft (2024)
• Shanmuganar Salai: Rs 6,300 per sq.ft (2024)
• School Road (Pallikoodam Salai): Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Selva Vinayagar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,300 per sq.ft, the total guideline value would be Rs 53,00,000. The stamp duty at 7% would amount to Rs 3,71,000, and the registration fee at 2% would be Rs 1,06,000, bringing the total fees to Rs 4,77,000. 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 Vinayagar Koil Street?

The Sub Registrar Office that covers Selva Vinayagar Koil Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a critical component in the registration process when buying or selling property in Puliyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When a property transaction occurs, the guideline value helps determine the official valuation of the property. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Selva Vinayagar Koil Street?

The current guideline value of Selva Vinayagar Koil Street is Rs 5,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 5,300 per sq.ft in 2024, reflecting an overall increase of 308%.

What is the median guideline value of streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, which means Selva Vinayagar Koil Street's current value is below this median.

What are the stamp duty and registration fees for properties in Selva Vinayagar Koil Street?

For a property valued at Rs 53,00,000, the stamp duty would be Rs 3,71,000 and the registration fee would be Rs 1,06,000, totaling Rs 4,77,000.

Which office handles property registrations for Selva Vinayagar Koil Street?

The Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026, handles property registrations for Selva Vinayagar Koil Street.