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Guideline Value

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Guideline Value for SELVAGANAPATHY AVENUE 4TH CROSS STREET

₹1100/sq.ft.

The guideline value for Selvaganapathy Avenue 4th 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 4th Cross Street

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Selvaganapathy Avenue 4th Cross Street guideline value

The current guideline value of Selvaganapathy Avenue 4th Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Seevaram village and falls under the Neelankarai SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Selvaganapathy Avenue 4th Cross Street has changed

The guideline value for Selvaganapathy Avenue 4th Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 600 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking a rise of 67%. However, in 2017, the value decreased to Rs 670 per sq.ft, reflecting a decline of 33%. The next revision in 2023 saw a significant increase to Rs 1,000 per sq.ft, and the latest revision in 2024 raised it to Rs 1,100 per sq.ft, an increase of 10% from the previous year.

There are no recorded figures for the years 2002 and 2003 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 for Selvaganapathy Avenue 4th Cross Street is below this median.

Stamp duty and registration fee for property in Selvaganapathy Avenue 4th 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 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selvaganapathy Avenue 4th Cross Street?

The Sub Registrar Office that covers Selvaganapathy Avenue 4th 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 details.

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

The guideline value is a crucial factor in the registration of property transactions in Seevaram. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When buying or selling property, the guideline value serves as a benchmark for valuation, ensuring that the transaction is registered at a value that is compliant with local regulations. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Selvaganapathy Avenue 4th Cross Street?

The current guideline value of Selvaganapathy Avenue 4th 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, marking an overall increase of 83% over the years.

What is the land classification of Selvaganapathy Avenue 4th Cross Street?

The land classification for Selvaganapathy Avenue 4th Cross Street is Residential Class IV Type - I.

Which Sub Registrar Office manages the registration in this area?

The Neelankarai Sub Registrar Office manages the registration for properties in Selvaganapathy Avenue 4th Cross Street.

How is the stamp duty calculated for properties in Selvaganapathy Avenue 4th Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.