Guideline Value for SELVA VINAYAGAR NAGAR

Selva Vinayagar Nagar guideline value

The current guideline value of Selva Vinayagar Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Kalpakkam village under the Ponneri SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Selva Vinayagar Nagar has changed

The guideline value for Selva Vinayagar Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which was then reduced to Rs 67 per sq.ft in the 2017 revision. Following this, the value increased back to Rs 100 per sq.ft in both the 2023 and 2024 revisions, showing a significant increase of 49% from 2017 to 2023. Notably, the revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 100 per sq.ft. The 2023 to 2024 revision saw no change, maintaining the value at Rs 100 per sq.ft.

Guideline values in Kalpakkam

In Kalpakkam, there are 21 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 100 per sq.ft, with a median value also at Rs 100 per sq.ft. Selva Vinayagar Nagar's 2024 figure aligns with this median.

• Shakthi Sai Avenue: Rs 100 per sq.ft (2024)
• Smr Roziya Garden: Rs 100 per sq.ft (2024)
• Sri Bala Jothimurugan Manaipiriuv: Rs 100 per sq.ft (2024)
• R.K. Nagar: Rs 100 per sq.ft (2024)
• Sri Prasad Nagar: Rs 100 per sq.ft (2024)
• Thendral Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Selva Vinayagar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, totaling Rs 7,000, while the registration fee is 2%, amounting to Rs 2,000. Together, the total fees would be Rs 9,000. 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 Nagar?

Selva Vinayagar Nagar falls under the jurisdiction of the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Kalpakkam. It is used to determine the stamp duty and registration fees that must be paid when transferring property ownership.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the official value set by the registration department. This process aids in maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Selva Vinayagar Nagar?

The current guideline value of Selva Vinayagar Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, and then back to Rs 100 per sq.ft in both 2023 and 2024. The changes reflect a 49% increase from 2017 to 2023.

What is the land classification for Selva Vinayagar Nagar?

Selva Vinayagar Nagar is classified under Residential Class II Type - I, indicating its suitability for residential purposes.

What is the registration office for Selva Vinayagar Nagar?

The Ponneri Sub Registrar Office covers Selva Vinayagar Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Selva Vinayagar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,00,000 incurs a stamp duty of Rs 7,000 and a registration fee of Rs 2,000.