Guideline Value for SELVARAJ FORM HOUSE

Selvaraj Form House guideline value

The current guideline value of Selvaraj Form House is Rs 2,200 per sq.ft, effective from 1 July 2024. It is located in Enjambakkam village under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of Selvaraj Form House has changed

The guideline value for Selvaraj Form House has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. This was a significant drop of 33%. However, the value rebounded to Rs 2,000 per sq.ft in 2023, and then increased by 10% to the current rate of Rs 2,200 per sq.ft from the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Enjambakkam

Enjambakkam has 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current value for Selvaraj Form House.

• Selva Nagar Extn IV: Rs 2,200 per sq.ft (2024)
• Selva Nagar Extn III: Rs 2,200 per sq.ft (2024)
• Selva Nagar Extn II: Rs 2,200 per sq.ft (2024)
• Selva Nagar Extn I: Rs 2,200 per sq.ft (2024)
• Selva Nagar Extn: Rs 2,200 per sq.ft (2024)
• Selva Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Selvaraj Form House

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, these fees would total Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selvaraj Form House?

The Sub Registrar Office covering Selvaraj Form House is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

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

When you register a property, the guideline value is considered to ensure that the transaction is recorded at a value that reflects the current market conditions. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Selvaraj Form House?

The current guideline value of Selvaraj Form House is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Selvaraj Form House?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000. The stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Selvaraj Form House?

The Neelankarai Sub Registrar Office covers Selvaraj Form House, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification of Selvaraj Form House?

Selvaraj Form House is classified as Residential Class III Type - I.