Guideline Value for SELVAVINAYAGAR KUDI IRUPPU

Selvavinayagar Kudi Iruppu guideline value

The current guideline value of Selvavinayagar Kudi Iruppu is Rs 501 per sq.ft, effective from 1 July 2024. This street is located in Thadaperumbakkam village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Selvavinayagar Kudi Iruppu has changed

The guideline value for Selvavinayagar Kudi Iruppu has seen significant changes over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 200 per sq.ft, which increased to Rs 501 per sq.ft in the 2024 revision, marking a change of +151%.

With the 2024 revision, the current guideline value reflects a substantial increase from the previous year. The 2023 figure of Rs 200 per sq.ft was the last recorded value before the current guideline value was set.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft, with the median being Rs 501 per sq.ft. The guideline value for Selvavinayagar Kudi Iruppu is equal to this median.

• Senthamizh Nagar: Rs 600 per sq.ft (2024)
• Shakthi Murugan Nagar: Rs 600 per sq.ft (2024)
• Sindur Nagar: Rs 501 per sq.ft (2024)
• Sivagami Nagar: Rs 501 per sq.ft (2024)
• Samundeeswari Nagar: Rs 501 per sq.ft (2024)
• Sri Amman Nagar: Rs 501 per sq.ft (2024)

Stamp duty and registration fee for property in Selvavinayagar Kudi Iruppu

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would be Rs 35,070, and the registration fee at 2% would be Rs 10,020, bringing the total to Rs 45,090. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selvavinayagar Kudi Iruppu?

The Selvavinayagar Kudi Iruppu area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Thadaperumbakkam. It serves as a benchmark for calculating the stamp duty and registration fees that must be paid to the government.

When a property transaction occurs, the higher value between the guideline value and the sale price is used to determine the applicable duties. This ensures that the government receives the appropriate fees based on the property's worth.

Frequently asked questions

What is the current guideline value of Selvavinayagar Kudi Iruppu?

The current guideline value of Selvavinayagar Kudi Iruppu is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2023 value being Rs 200 per sq.ft and increasing to Rs 501 per sq.ft in 2024, which is a change of +151%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Selvavinayagar Kudi Iruppu?

Selvavinayagar Kudi Iruppu is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, on a 1,000 sq.ft plot valued at Rs 5,01,000, the total fees would amount to Rs 45,090.

Which office handles registrations for Selvavinayagar Kudi Iruppu?

The Ponneri Sub Registrar Office handles registrations for Selvavinayagar Kudi Iruppu, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.