Guideline Value for SELVI NAGAR PHASE- III

Selvi Nagar Phase- III guideline value

The current guideline value of Selvi Nagar Phase- III is Rs 800 per sq.ft. This property is located in Kattupakkam village, under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - III.

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

Since the 2002 revision, there have been no recorded figures for Selvi Nagar Phase- III in the guideline value register until the 2017 revision, which set the value at Rs 800 per sq.ft. This figure remained unchanged in the subsequent revisions of 2023 and 2024, indicating a consistent guideline value of Rs 800 per sq.ft across these years.

Overall, from 2017 to 2024, the guideline value has seen a change of +0%. The 2023 to 2024 revision also recorded no change, maintaining the value at Rs 800 per sq.ft.

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- III above this median.

• Selvi Nagar Phase - II: Rs 672 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- III

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees together to Rs 72,000. Duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selvi Nagar Phase- III?

The Sub Registrar Office that covers Selvi Nagar Phase- III is 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 Kattupakkam

The guideline value plays a crucial role during the registration process of property transactions in Kattupakkam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When buying or selling a property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that all transactions are registered at a fair and consistent value.

Frequently asked questions

What is the current guideline value for Selvi Nagar Phase- III?

The current guideline value for Selvi Nagar Phase- III is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has remained unchanged at Rs 800 per sq.ft through the 2023 and 2024 revisions, indicating no increase over these years.

What is the land classification for Selvi Nagar Phase- III?

The land classification for Selvi Nagar Phase- III is Residential Special Type - III, which defines the type of development allowed in this area.

Where can I find the registration office for Selvi Nagar Phase- III?

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

How is stamp duty calculated for properties in Kattupakkam?

Stamp duty for properties in Kattupakkam is calculated based on the higher of the guideline value or the sale price. The current rates are 7% for stamp duty and 2% for the registration fee.