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Guideline Value

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Guideline Value for SELVAGANAPATHY AVENUE 5TH CROSS STREET

₹1100/sq.ft.

The guideline value for Selvaganapathy Avenue 5th 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 5th Cross Street

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Selvaganapathy Avenue 5th Cross Street guideline value

The current guideline value for Selvaganapathy Avenue 5th 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 5th Cross Street has changed

The guideline value for Selvaganapathy Avenue 5th Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2007 when the guideline value was Rs 600 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking a 67% increase. However, it then decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The value rose significantly to Rs 1,000 per sq.ft in 2023, and again to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. From 2017 to 2023, the guideline value increased by 49%, leading to the current value of Rs 1,100 per sq.ft, which represents an overall increase of 83% from the 2007 revision.

Guideline values in Seevaram

In Seevaram, there are a total of 84 streets under the Neelankarai SRO that have 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 5th Cross Street is below this median.

Stamp duty and registration fee for property in Selvaganapathy Avenue 5th 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, making the total cost for these fees 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 use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Selvaganapathy Avenue 5th Cross Street?

The Selvaganapathy Avenue 5th 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 is a crucial factor during the registration of property transactions in Seevaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to refer to the current guideline value, as it may impact the overall costs involved in the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and duties are charged on the higher of the two.

Frequently asked questions

What is the current guideline value of Selvaganapathy Avenue 5th Cross Street?

The current guideline value of Selvaganapathy Avenue 5th 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 Selvaganapathy Avenue 5th Cross Street?

Selvaganapathy Avenue 5th Cross Street is classified as Residential Class IV Type - I.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Selvaganapathy Avenue 5th Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,100 per sq.ft would incur a stamp duty of Rs 77,000.