Guideline Value for SELVAVINAYAGAR KOVIL STREET

Selvavinayagar Kovil Street guideline value

The current guideline value of Selvavinayagar Kovil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur, under the Cheyyur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Selvavinayagar Kovil Street has changed

Over the years, the guideline value for Selvavinayagar Kovil Street has seen significant changes. The register shows no figures for the years 2002, 2003, 2007, and 2012. In the 2017 revision, the guideline value was set at Rs 33 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded a guideline value of Rs 100 per sq.ft. From 2017 to 2023, the increase was 203%, and from 2017 to 2024, the overall increase is also 203% as the 2024 revision retains the value at Rs 100 per sq.ft.

Guideline values in Cheyyur - A

In the village of Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value in this area is Rs 101 per sq.ft, placing Selvavinayagar Kovil Street's 2024 figure below that median.

• School Street: Rs 200 per sq.ft (2024)
• Shanmuga Nagar: Rs 101 per sq.ft (2024)
• Soubakiya Nagar: Rs 202 per sq.ft (2024)
• R.C.VELLIMEDU 2st STREET: Rs 101 per sq.ft (2024)
• R.C.VELLIMEDU 1st STREET: Rs 101 per sq.ft (2024)
• Ramalingaswamy Koil Street: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Selvavinayagar Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value is Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total fees Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selvavinayagar Kovil Street?

The Sub Registrar Office that covers Selvavinayagar Kovil Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value plays a crucial role in the registration process of property transactions in Cheyyur - A. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Selvavinayagar Kovil Street?

The current guideline value of Selvavinayagar Kovil Street is Rs 100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value has increased by 203%, remaining consistent at Rs 100 per sq.ft since 2023.

What are the other streets in Cheyyur - A with their guideline values?

Other streets in Cheyyur - A include School Street at Rs 200 per sq.ft, Shanmuga Nagar at Rs 101 per sq.ft, and Soubakiya Nagar at Rs 202 per sq.ft, among others.

What is the stamp duty on property in Selvavinayagar Kovil Street?

The stamp duty on property in Selvavinayagar Kovil Street is 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 1,00,000 would incur a stamp duty of Rs 7,000.

Where can I find the Sub Registrar Office for Selvavinayagar Kovil Street?

The Sub Registrar Office for Selvavinayagar Kovil Street is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.