Guideline Value for SELVARAJAPURAM (DOOMING KUPPAM)

Selvarajapuram (Dooming Kuppam) guideline value

The current guideline value for Selvarajapuram (Dooming Kuppam) is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is part of Mylapore village and falls under the Mylapore SRO. The land classification for this locality is Residential Class V Type - III.

How the guideline value of Selvarajapuram (Dooming Kuppam) has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure remained unchanged until the 2023 revision, which also listed the value at Rs 3,000 per sq.ft. However, in the 2024 revision, the value increased to Rs 3,300 per sq.ft, marking a 10% rise from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for the years 2002, 2003, 2007, and 2017 for this street, indicating that no revisions were recorded during those years.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO, with guideline values in 2024 ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Selvarajapuram (Dooming Kuppam) below that median.

• School View Road: Rs 9,300 per sq.ft (2024)
• Shanmugam Pillai Street: Rs 8,200 per sq.ft (2024)
• School Road: Rs 9,300 per sq.ft (2024)
• Shanmugapuram: Rs 3,300 per sq.ft (2024)
• Shanmugapuram Huts: Rs 3,300 per sq.ft (2024)
• Sathyavani Muthu Nagar (Tnscb): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Selvarajapuram (Dooming Kuppam)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selvarajapuram (Dooming Kuppam)?

The Sub Registrar Office that covers Selvarajapuram (Dooming Kuppam) is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mylapore. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This ensures that both the state and the buyer are protected during the transaction process.

Frequently asked questions

What is the current guideline value of Selvarajapuram (Dooming Kuppam)?

The current guideline value of Selvarajapuram (Dooming Kuppam) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Selvarajapuram (Dooming Kuppam) was Rs 3,000 per sq.ft in 2012 and remained the same until 2023. In 2024, it increased to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

What is the land classification for Selvarajapuram (Dooming Kuppam)?

Selvarajapuram (Dooming Kuppam) is classified as Residential Class V Type - III. This classification is important for understanding the types of properties and developments allowed in the area.

Where can I find the Sub Registrar Office for Selvarajapuram (Dooming Kuppam)?

The Sub Registrar Office for Selvarajapuram (Dooming Kuppam) is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

How is stamp duty calculated for properties in Mylapore?

Stamp duty for properties in Mylapore is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee, which is applied to the guideline value or sale price as applicable.