Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for SELVAGANAPATHY AVENUE 1ST CROSS STREET

₹1100/sq.ft.

The guideline value for Selvaganapathy Avenue 1st Cross Street in Seevaram village (Neelankarai SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Seevaram

Village

Neelankarai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Selvaganapathy Avenue 1st Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Selvaganapathy Avenue 1st Cross Street guideline value

The current guideline value of Selvaganapathy Avenue 1st Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Seevaram village under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Selvaganapathy Avenue 1st Cross Street has changed

The guideline value for Selvaganapathy Avenue 1st Cross Street has undergone several revisions over the years. The earliest available figure is from 2007, when the value was Rs 600 per sq.ft. In 2012, it increased to Rs 1,000 per sq.ft, but then decreased to Rs 670 per sq.ft in 2017. Following this, the value saw a significant rise to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 83%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Seevaram

In Seevaram, there are 84 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,300 per sq.ft, with a median value of Rs 2,800 per sq.ft. The guideline value for Selvaganapathy Avenue 1st Cross Street is below this median.

Stamp duty and registration fee for property in Selvaganapathy Avenue 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Selvaganapathy Avenue 1st Cross Street?

The Sub Registrar Office that covers Selvaganapathy Avenue 1st Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Seevaram. It determines the minimum value at which property transactions are registered and helps in calculating the applicable stamp duty and registration fees.

Buyers and sellers should be aware that the guideline value is used to ensure transparency in property transactions. It reflects the government's assessment of property values in the area and is updated periodically to reflect market conditions.

Frequently asked questions

What is the current guideline value of Selvaganapathy Avenue 1st Cross Street?

The current guideline value of Selvaganapathy Avenue 1st Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 83% over the years.

What is the land classification for this street?

Selvaganapathy Avenue 1st Cross Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for property here?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000, with a stamp duty of Rs 77,000 and a registration fee of Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers this area?

The Neelankarai Sub Registrar Office covers Selvaganapathy Avenue 1st Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.