Guideline Value

Corporate

Guideline Value for SELVAGANAPATHY AVENUE MAIN ROAD

₹1100/sq.ft.

The guideline value for Selvaganapathy Avenue Main Road 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 Main Road

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Selvaganapathy Avenue Main Road guideline value

The current guideline value of Selvaganapathy Avenue Main Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Selvaganapathy Avenue Main Road has undergone several revisions over the years. The earliest available figure is from 2007, which was Rs 600 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking a 67% rise. However, it then decreased to Rs 670 per sq.ft in 2017, a drop of 33%. Following this, the value saw a significant increase of 49% to reach Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has raised the guideline value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 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 of Selvaganapathy Avenue Main Road is below this median.

Stamp duty and registration fee for property in Selvaganapathy Avenue Main Road

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 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 use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selvaganapathy Avenue Main Road?

Selvaganapathy Avenue Main Road 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 in the registration process when buying or selling property in Seevaram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value.

Frequently asked questions

What is the current guideline value of Selvaganapathy Avenue Main Road?

The current guideline value of Selvaganapathy Avenue Main Road 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 Main Road?

Selvaganapathy Avenue Main Road is classified as Residential Class IV Type - I.

Where can I find the registration office for this area?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.