Guideline Value for SELVAGANAPTHI NAGAR

Selvaganapthi Nagar guideline value

The current guideline value of Selvaganapthi Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Chettipunniyam village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Selvaganapthi Nagar has changed

The guideline value for Selvaganapthi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. In 2017, the value was Rs 469 per sq.ft, showing a significant increase of 49% to Rs 700 per sq.ft by 2023. The 2024 revision also maintains the value at Rs 700 per sq.ft, reflecting no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 700 per sq.ft.

Guideline values in Chettipunniyam

In Chettipunniyam, there are 47 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 4,750 per sq.ft, with a median value of Rs 900 per sq.ft. The guideline value of Selvaganapthi Nagar is below this median.

• Sehaj Nagar: Rs 700 per sq.ft (2024)
• Senthi Nagar: Rs 700 per sq.ft (2024)
• Shree Desikar Nagar Extension: Rs 900 per sq.ft (2024)
• Sibee Avenue: Rs 700 per sq.ft (2024)
• Sivagami Nagar: Rs 700 per sq.ft (2024)
• Sowbagya Housing Co operative Mega Nagar: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Selvaganapthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total cost Rs 63,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selvaganapthi Nagar?

The Selvaganapthi Nagar area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Chettipunniyam. It determines the minimum value at which property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it plays a crucial role in the financial aspects of the transaction. It is advisable to check the current guideline value before proceeding with any property dealings to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Selvaganapthi Nagar?

The current guideline value of Selvaganapthi Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 700 per sq.ft from 2012 to 2024, with a previous figure of Rs 469 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

What are the guideline values of other streets in Chettipunniyam?

Other streets in Chettipunniyam have varying guideline values, with rates from Rs 700 to Rs 4,750 per sq.ft. For example, Sehaj Nagar, Senthi Nagar, Sibee Avenue, and Sivagami Nagar all have a guideline value of Rs 700 per sq.ft in 2024.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 700 per sq.ft, the total cost would be Rs 63,000.

Where can I find my Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office covers Selvaganapthi Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.