Guideline Value for SELVI NAGAR PHASE - II

Selvi Nagar Phase - II guideline value

The current guideline value of Selvi Nagar Phase - II is Rs 672 per sq.ft, effective from 1 July 2024. This property is located in Kattupakkam village under the Gooduvancheri SRO, and the land classification is Mixed Type - II.

How the guideline value of Selvi Nagar Phase - II has changed

The guideline value for Selvi Nagar Phase - II has undergone several revisions over the years. The earliest recorded value was Rs 450 per sq.ft in 2017. The value remained unchanged at Rs 672 per sq.ft for the revisions in 2023 and 2024, indicating a 49% increase from the 2017 figure to the 2023 and 2024 figures.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The guideline value has seen a consistent rate of Rs 672 per sq.ft from 2023 to 2024, reflecting no change during that period.

Guideline values in Kattupakkam

In Kattupakkam, there are 27 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,500 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Selvi Nagar Phase - II's 2024 figure above this median.

• Selvi Nagar Phase- III: Rs 800 per sq.ft (2024)
• Selvi Nagar: Rs 672 per sq.ft (2024)
• Sarvamangala Nagar: Rs 400 per sq.ft (2024)
• Sivaji Nagar: Rs 400 per sq.ft (2024)
• Sri Balaji Nagar: Rs 500 per sq.ft (2024)
• Sri Dhanalakshmi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Selvi Nagar Phase - II

For a 1,000 sq.ft plot at the current rate of Rs 672 per sq.ft, the guideline value amounts to Rs 6,72,000. The stamp duty at 7% would be Rs 47,040, and the registration fee at 2% would be Rs 13,440, totaling Rs 60,480. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selvi Nagar Phase - II?

The Sub Registrar Office that covers Selvi Nagar Phase - II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Kattupakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price.

When buying or selling property, the guideline value helps determine the legal and financial obligations involved in the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to understand the costs associated with property transfer.

Frequently asked questions

What is the current guideline value of Selvi Nagar Phase - II?

The current guideline value of Selvi Nagar Phase - II is Rs 672 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 672 per sq.ft for the revisions in 2023 and 2024, with a significant increase of 49% from Rs 450 per sq.ft in 2017.

What is the registration office for Selvi Nagar Phase - II?

The registration office for Selvi Nagar Phase - II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Selvi Nagar Phase - II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 672 per sq.ft, the total guideline value is Rs 6,72,000.

What are the other streets in Kattupakkam with guideline values?

Other streets in Kattupakkam include Selvi Nagar Phase- III at Rs 800 per sq.ft, Sarvamangala Nagar at Rs 400 per sq.ft, and Sri Balaji Nagar at Rs 500 per sq.ft, among others.