Guideline Value for SELVI NAGAR

Selvi Nagar guideline value

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

How the guideline value of Selvi Nagar has changed

In the 2017 revision, the guideline value was set at Rs 450 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 672 per sq.ft. With the latest 2024 revision, the guideline value increased to Rs 672 per sq.ft, reflecting no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has seen an increase of 49% as well, maintaining the same rate of Rs 672 per sq.ft since 2023.

Guideline values in Kattupakkam

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

• Selvi Nagar Phase - II: Rs 672 per sq.ft (2024)
• Selvi Nagar Phase- III: Rs 800 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

For a 1,000 sq.ft plot at the current guideline value of Rs 672 per sq.ft, the total 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. Please 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 details.

Which Sub Registrar Office covers Selvi Nagar?

The Sub Registrar Office that covers Selvi Nagar 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 plays a crucial role in the registration process when buying or selling property in Kattupakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Selvi Nagar?

The current guideline value of Selvi Nagar 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 since the 2023 revision. It was Rs 450 per sq.ft in 2017, marking a 49% increase from that year to the present.

What is the land classification of Selvi Nagar?

Selvi Nagar is classified as Mixed Type - II, which indicates the type of development and land use permitted in the area.

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

The Gooduvancheri Sub Registrar Office covers Selvi Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for property in Selvi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 60,480.