Guideline Value for SELVARAJ AVENUE

Selvaraj Avenue guideline value

The current guideline value of Selvaraj Avenue, located in Melakottyur village under the Gooduvancheri SRO, is Rs 1,800 per sq.ft as per the 2023 revision. The land classification for this area is Mixed Special Type - I.

How the guideline value of Selvaraj Avenue has changed

In the 2017 revision, the guideline value was set at Rs 1,800 per sq.ft. This figure remained unchanged in the subsequent 2023 revision, indicating a 0% change between these two revisions.

For the years 2002, 2003, 2007, 2012, and 2024, the register has no figure for this street. Therefore, only the 2017 and 2023 revisions are applicable for Selvaraj Avenue.

Guideline values in Melakottyur

Currently, there are no specific village figures provided for Melakottyur. Selvaraj Avenue is the only street mentioned in the context of guideline values under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Selvaraj Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total fees to Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selvaraj Avenue?

The Sub Registrar Office that covers Selvaraj Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Melakottyur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price for taxation purposes.

When buying or selling property, both the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Selvaraj Avenue?

The current guideline value of Selvaraj Avenue is Rs 1,800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Selvaraj Avenue has remained unchanged at Rs 1,800 per sq.ft from the 2017 revision to the 2023 revision, showing a 0% change.

Are there any guideline values available for other years?

The register has no figures for Selvaraj Avenue for the years 2002, 2003, 2007, 2012, and 2024. Only the 2017 and 2023 revisions provide applicable values.

What are the stamp duty and registration fees for a property in Selvaraj Avenue?

For a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000, and the registration fee would be Rs 36,000, totaling Rs 1,62,000.

Which office should I visit for property registration in Selvaraj Avenue?

The Gooduvancheri Sub Registrar Office is responsible for property registration in Selvaraj Avenue. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.