Guideline Value for SELVAMBIGAI NAGAR EXTN

Selvambigai Nagar Extn guideline value

The current guideline value of Selvambigai Nagar Extn is Rs 330 per sq.ft, effective from 1 July 2024. This locality is situated in Athipattu village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Selvambigai Nagar Extn has changed

Looking at the revisions, the guideline value for Selvambigai Nagar Extn has seen several changes over the years. In 2017, the value was Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 brought the value up to Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO, with the 2024 guideline values ranging from Rs 220 to Rs 462 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is also the current guideline value for Selvambigai Nagar Extn.

• Selvambigai Nagar: Rs 330 per sq.ft (2024)
• Seeyon Nagar: Rs 330 per sq.ft (2024)
• Sengam Nagar: Rs 330 per sq.ft (2024)
• Shanthi Nagar: Rs 330 per sq.ft (2024)
• Santha Nagar: Rs 330 per sq.ft (2024)
• Sankar Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Selvambigai Nagar Extn

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 charges together to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selvambigai Nagar Extn?

The Selvambigai Nagar Extn area falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is sold, the guideline value is used to assess the applicable charges, ensuring that the transaction is documented accurately. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Selvambigai Nagar Extn?

The current guideline value of Selvambigai Nagar Extn is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What is the stamp duty rate for properties in Selvambigai Nagar Extn?

The stamp duty rate for properties in Selvambigai Nagar Extn is 7%. This is calculated based on the guideline value or the sale price, whichever is higher.

Where is the Thiruvottiyur Sub Registrar Office located?

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

What is the land classification of Selvambigai Nagar Extn?

Selvambigai Nagar Extn is classified as Residential Class I Type - I, indicating its suitability for residential development.