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Guideline Value

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Guideline Value for SELVAGANAPATHY AVENUE 3RD CROSS STREET

₹1100/sq.ft.

The guideline value for Selvaganapathy Avenue 3rd 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 3rd Cross Street

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Selvaganapathy Avenue 3rd Cross Street guideline value

The current guideline value of Selvaganapathy Avenue 3rd 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 3rd Cross Street has changed

The guideline value for Selvaganapathy Avenue 3rd Cross Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 600 per sq.ft. It increased to Rs 1,000 per sq.ft in 2012, but then decreased to Rs 670 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, and the most recent 2024 revision raised it to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The overall change from 2007 to 2024 reflects an increase of 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 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 for Selvaganapathy Avenue 3rd Cross Street is below this median.

Stamp duty and registration fee for property in Selvaganapathy Avenue 3rd 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 would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that 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 Selvaganapathy Avenue 3rd Cross Street?

The Selvaganapathy Avenue 3rd Cross Street falls under 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 plays a crucial role when buying or selling property in Seevaram. It is used to determine the stamp duty and registration fees that need to be paid during the property transaction. The amount of duty is calculated based on the guideline value or the sale price, whichever is higher.

When you register a property, the guideline value ensures that the transaction is recorded accurately, reflecting the current market conditions as set by the Registration Department. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Selvaganapathy Avenue 3rd Cross Street?

The current guideline value of Selvaganapathy Avenue 3rd 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 rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or the sale price, whichever is higher.

Which office handles the registration for Selvaganapathy Avenue 3rd Cross Street?

The Neelankarai Sub Registrar Office handles the registration for Selvaganapathy Avenue 3rd Cross Street, located at 2/71, Gajura Garden, East Coast Road, Neelangarai, 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 the guideline value for Selvaganapathy Avenue 3rd Cross Street is below this median.