Guideline Value for SELVA VINAYAGAR KOIL STREET

Selva Vinayagar Koil Street guideline value

The current guideline value of Selva Vinayagar Koil Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO. The land classification for this street is 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 seen significant changes over the years. Starting from Rs 604 per sq.ft in 2002, it increased to Rs 663 per sq.ft in 2003, marking a 10% rise. By 2007, the value jumped to Rs 800 per sq.ft, reflecting a 21% increase. The most substantial change occurred in 2012, where the value reached Rs 4,000 per sq.ft, representing a remarkable 400% increase from the previous revision. However, there was no change from 2012 to 2023, as the value remained at Rs 4,000 per sq.ft during that period.

The 2023 revision set the guideline value at Rs 4,000 per sq.ft, which then increased to Rs 4,300 per sq.ft in 2024, marking an 8% rise. Overall, from 2002 to 2024, the guideline value has increased by 612%.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, placing Selva Vinayagar Koil Street above the median.

• Semathammal 1st Street: Rs 3,200 per sq.ft (2024)
• Semathammal 2nd Street: Rs 3,200 per sq.ft (2024)
• Semathammal 3rd Street: Rs 3,200 per sq.ft (2024)
• Semathammal Colony All Streets: Rs 3,200 per sq.ft (2024)
• Semathammal Colony Street: Rs 3,200 per sq.ft (2024)
• Semathammal New Colony: Rs 3,200 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 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, and the registration fee at 2% would be Rs 86,000. Together, the total cost for stamp duty and registration fee would be Rs 3,87,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, 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 Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When a property transaction occurs, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and standardization 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 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 604 per sq.ft in 2002 to Rs 4,300 per sq.ft in 2024, reflecting an overall increase of 612% over the years.

What is the registration office for Selva Vinayagar Koil Street?

The registration office for Selva Vinayagar Koil Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Selva Vinayagar Koil Street?

Stamp duty for properties in Selva Vinayagar Koil Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 43,00,000, the stamp duty would be Rs 3,01,000.

What are the other guideline values in Perambur?

Other streets in Perambur under the Purasaivakkam SRO have guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, with Selva Vinayagar Koil Street's value being above this median.