Guideline Value for SELVAPERUMAL STREET PARVETAI SAVADI (BHARATHI NAGAR) LAKSHMIPURAM KAMARAJAR SALAI

Selvaperumal Street Parvetai Savadi (Bharathi Nagar) Lakshmipuram Kamarajar Salai guideline value

The current guideline value for Selvaperumal Street Parvetai Savadi (Bharathi Nagar) Lakshmipuram Kamarajar Salai is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Selvaperumal Street Parvetai Savadi (Bharathi Nagar) Lakshmipuram Kamarajar Salai has changed

The guideline value for Selvaperumal Street Parvetai Savadi (Bharathi Nagar) Lakshmipuram Kamarajar Salai has seen several revisions over the years. The 2012 revision set the value at Rs 6,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 4,355 per sq.ft. The 2023 revision increased the value to Rs 6,500 per sq.ft, and the most recent 2024 revision raised it to Rs 7,150 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value for these streets is Rs 9,900 per sq.ft, placing the 2024 figure for Selvaperumal Street Parvetai Savadi (Bharathi Nagar) Lakshmipuram Kamarajar Salai below that median.

• Sea Ward Drive: Rs 11,000 per sq.ft (2024)
• Sea Ward 2nd Lane: Rs 12,650 per sq.ft (2024)
• Shanthi Avenue 34 35 36 37 L.I.G. Coloney (Vigneswar Nagar): Rs 9,900 per sq.ft (2024)
• Shanthi Lane: Rs 7,150 per sq.ft (2024)
• Shriram Nagar: Rs 9,900 per sq.ft (2024)
• Shriram Nagar 1st Cross Street: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Selvaperumal Street Parvetai Savadi (Bharathi Nagar) Lakshmipuram Kamarajar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value would be Rs 71,50,000. The stamp duty at 7% would amount to Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total cost together to Rs 6,43,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selvaperumal Street Parvetai Savadi (Bharathi Nagar) Lakshmipuram Kamarajar Salai?

The Selvaperumal Street Parvetai Savadi (Bharathi Nagar) Lakshmipuram Kamarajar Salai falls under the Chennai South Joint I Sub Registrar Office, located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Thiruvanmiyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When you buy or sell property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency in transactions and prevents undervaluation of properties.

Frequently asked questions

What is the current guideline value for Selvaperumal Street Parvetai Savadi (Bharathi Nagar) Lakshmipuram Kamarajar Salai?

The current guideline value for Selvaperumal Street Parvetai Savadi (Bharathi Nagar) Lakshmipuram Kamarajar Salai is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,500 per sq.ft in 2023 to Rs 7,150 per sq.ft in 2024, reflecting a 10% increase. From 2012 to 2024, there has been an overall increase of 10% in the guideline value.

What is the land classification for this street?

The land classification for Selvaperumal Street Parvetai Savadi (Bharathi Nagar) Lakshmipuram Kamarajar Salai is Residential Class IV Type - I.

Where can I find the registration office for this area?

The registration office for Selvaperumal Street Parvetai Savadi (Bharathi Nagar) Lakshmipuram Kamarajar Salai is the Chennai South Joint I Sub Registrar Office, located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 71,50,000 would incur a stamp duty of Rs 5,00,500 at the rate of 7%.