Guideline Value for SELVA VINAYAGAR NAGAR EXTENSION -I

Selva Vinayagar Nagar Extension -I guideline value

The current guideline value of Selva Vinayagar Nagar Extension -I is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Selva Vinayagar Nagar Extension -I has changed

Over the years, the guideline value for Selva Vinayagar Nagar Extension -I has seen several revisions. The 2012 revision set the value at Rs 750 per sq.ft, which was followed by a decrease to Rs 502 per sq.ft in the 2017 revision. This marked a significant change of -33%. However, the value rebounded to Rs 750 per sq.ft in the 2023 revision, remaining unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been no change in the guideline value, as it stands at Rs 750 per sq.ft for the current revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is equal to the guideline value of Selva Vinayagar Nagar Extension -I.

• Selva Vinayagar Nagar: Rs 500 per sq.ft (2024)
• Serkadu Balavinayagar Koil Stret: Rs 750 per sq.ft (2024)
• Serkadu Gangai Vinauagar Koil Street: Rs 750 per sq.ft (2024)
• Serkadu Pogum Road: Rs 750 per sq.ft (2024)
• Serkadu Salai: Rs 750 per sq.ft (2024)
• Serkadu Sengzhuneer Vinagar Koil Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Selva Vinayagar Nagar Extension -I

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total cost for these fees to Rs 67,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selva Vinayagar Nagar Extension -I?

The Sub Registrar Office that covers Selva Vinayagar Nagar Extension -I is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Walajabad. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the correct fees are collected based on the property's value. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Selva Vinayagar Nagar Extension -I?

The current guideline value of Selva Vinayagar Nagar Extension -I is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What are the other streets in Walajabad with their guideline values?

Other streets in Walajabad include Selva Vinayagar Nagar at Rs 500 per sq.ft, and several streets like Serkadu Balavinayagar Koil Stret and Serkadu Pogum Road at Rs 750 per sq.ft.

What are the stamp duty and registration fees for property in Selva Vinayagar Nagar Extension -I?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 67,500.

Which office handles the registration for Selva Vinayagar Nagar Extension -I?

The Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, handles the registration for Selva Vinayagar Nagar Extension -I.