Guideline Value for SELVI ENCLAVE

Selvi Enclave guideline value

The current guideline value of Selvi Enclave is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Orathur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Selvi Enclave has changed

The guideline value for Selvi Enclave has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 500 per sq.ft in both the 2023 and 2024 revisions, indicating a 7% increase from 2017 to 2023. Notably, there were no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, the guideline value remained unchanged at Rs 500 per sq.ft, resulting in a 0% change. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 7%.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft. The median value is Rs 500 per sq.ft, making Selvi Enclave's 2024 figure equal to this median.

• Shanmuga Nagar Phase-I: Rs 500 per sq.ft (2024)
• Shiridi Sai Nagar: Rs 600 per sq.ft (2024)
• Sarojini Nagr: Rs 500 per sq.ft (2024)
• Shri Shanmuga Nagr Phase-IV: Rs 400 per sq.ft (2024)
• Shruthi Garden: Rs 500 per sq.ft (2024)
• Sakthi Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Selvi Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, resulting in a total of Rs 45,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Selvi Enclave?

Selvi Enclave is covered by 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 information.

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

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

When registering a property, the guideline value ensures that the government collects the appropriate taxes based on the property's value, which helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Selvi Enclave?

The current guideline value of Selvi Enclave is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 500 per sq.ft in 2023 and 2024, marking a 7% increase overall from 2017 to 2024. There were no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

What is the stamp duty for a property in Selvi Enclave?

The stamp duty for a property in Selvi Enclave is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot valued at Rs 5,00,000 would incur a stamp duty of Rs 35,000.

Where can I find the Sub Registrar Office for Selvi Enclave?

The Gooduvancheri Sub Registrar Office covers Selvi Enclave and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

How is the guideline value determined for properties in Orathur?

The guideline value for properties in Orathur is determined by the Registration Department's guideline value register. It reflects the market conditions and land classifications in the area, ensuring fair taxation during property transactions.