Guideline Value for SELVAM AVENU

Selvam Avenu guideline value

The current guideline value of Selvam Avenu is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Vichoor_B village under the Thiruvottiyur SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Selvam Avenu has changed

In the 2017 revision, the guideline value for Selvam Avenu was Rs 201 per sq.ft. This figure increased to Rs 300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vichoor_B

In Vichoor_B, there are 45 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft. The median guideline value for these streets is Rs 485 per sq.ft, placing Selvam Avenu's 2024 figure below that median.

• Sastha Nagar: Rs 330 per sq.ft (2024)
• Sidco Nagar: Rs 550 per sq.ft (2024)
• Sivakumar Nagar: Rs 485 per sq.ft (2024)
• Sri Devi Nagar: Rs 485 per sq.ft (2024)
• R.M. Nagar: Rs 330 per sq.ft (2024)
• Sri Mahalashmi Nagar: Rs 485 per sq.ft (2024)

Stamp duty and registration fee for property in Selvam Avenu

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total to Rs 29,700. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selvam Avenu?

Selvam Avenu is covered by the Thiruvottiyur Sub Registrar Office located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vichoor_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected based on the value of the property. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Selvam Avenu?

The current guideline value of Selvam Avenu is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 201 per sq.ft to Rs 330 per sq.ft in 2024. This represents an overall increase of 64% over the seven-year period.

What is the land classification for Selvam Avenu?

Selvam Avenu falls under the Residential Class I Type - III land classification. This classification is important for understanding the usage and regulations applicable to the property.

Where can I find the Sub Registrar Office for Selvam Avenu?

The Thiruvottiyur Sub Registrar Office covers Selvam Avenu and is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Selvam Avenu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 29,700.