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Guideline Value

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Guideline Value for SELVAGANAPATHY AVENUE 2ND CROSS STREET

₹1100/sq.ft.

The guideline value for Selvaganapathy Avenue 2nd 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 2nd Cross Street

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Selvaganapathy Avenue 2nd Cross Street guideline value

The current guideline value of Selvaganapathy Avenue 2nd 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, and is classified as Residential Class IV Type - I.

How the guideline value of Selvaganapathy Avenue 2nd Cross Street has changed

The guideline value for Selvaganapathy Avenue 2nd Cross Street has undergone several revisions over the years. The earliest available figure is from 2007, when the guideline value was Rs 600 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, reflecting a rise of 67%. However, in 2017, the value decreased to Rs 670 per sq.ft, which was a decline of 33%. The value then increased significantly to Rs 1,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 83%.

Guideline values in Seevaram

In Seevaram, there are 84 streets under the Neelankarai SRO that carry 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 of Selvaganapathy Avenue 2nd Cross Street is below this median.

Stamp duty and registration fee for property in Selvaganapathy Avenue 2nd 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, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Selvaganapathy Avenue 2nd Cross Street?

The Selvaganapathy Avenue 2nd Cross Street is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Seevaram. It determines the minimum value at which the property must be registered, ensuring that the transaction is documented accurately for legal purposes.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Selvaganapathy Avenue 2nd Cross Street?

The current guideline value for Selvaganapathy Avenue 2nd 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 are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Selvaganapathy Avenue 2nd Cross Street?

The Neelankarai Sub Registrar Office handles registrations for Selvaganapathy Avenue 2nd Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the median guideline value for streets in Seevaram?

The median guideline value for streets in Seevaram is Rs 2,800 per sq.ft, while Selvaganapathy Avenue 2nd Cross Street's value is below this median.