Guideline Value for SELVI NAGAR

Selvi Nagar guideline value

The current guideline value of Selvi Nagar, located in Thenneri village under the Walajabad SRO, is Rs 250 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Selvi Nagar has changed

Since the 2002, 2003, and 2007 revisions, there are no figures available for Selvi Nagar. The guideline value was Rs 250 per sq.ft in 2012, which remained unchanged in the subsequent revision in 2023. However, the value saw a decrease to Rs 167 per sq.ft in the 2017 revision, marking a 33% decline from the 2012 figure.

From 2017 to 2023, the guideline value increased by 50%, bringing it back to Rs 250 per sq.ft. The most recent revision in 2024 has maintained the guideline value at Rs 250 per sq.ft, resulting in no overall change from 2012 to 2024.

Guideline values in Thenneri

In Thenneri, four streets carry a 2024 guideline value, with rates ranging from Rs 250 to Rs 374 per sq.ft. The median value for these streets is Rs 250 per sq.ft, which is equal to the guideline value of Selvi Nagar.

• Royal City: Rs 250 per sq.ft (2024)
• New Electronic City: Rs 374 per sq.ft (2024)
• Vivekanandha Nagar: Rs 250 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total charges to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating your fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selvi Nagar?

The Sub Registrar Office that covers Selvi Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Thenneri. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the legal value of the property, which can influence the transaction process. Buyers and sellers should be aware of the guideline value as it directly impacts the financial obligations associated with property registration.

Frequently asked questions

What is the current guideline value of Selvi Nagar?

The current guideline value of Selvi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with Rs 250 per sq.ft in 2012, a decrease to Rs 167 per sq.ft in 2017, and then returning to Rs 250 per sq.ft in 2023 and 2024.

What is the land classification for Selvi Nagar?

Selvi Nagar falls under the Residential Class I Type - I land classification.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated in Selvi Nagar?

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 the guideline value of Rs 250 per sq.ft, the stamp duty would be Rs 17,500.