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Guideline Value

Corporate

Guideline Value for SREE SELVA VIGNESHWARA NAGAR

₹990/sq.ft.

The guideline value for Sree Selva Vigneshwara Nagar in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 148% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sree Selva Vigneshwara Nagar

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Sree Selva Vigneshwara Nagar guideline value

The current guideline value of Sree Selva Vigneshwara Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sree Selva Vigneshwara Nagar has changed

The guideline value for Sree Selva Vigneshwara Nagar has seen significant changes over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 400 per sq.ft, and it increased to Rs 990 per sq.ft in the 2024 revision, marking a change of +148%.

This substantial increase reflects the current valuation trends in the area. The 2024 guideline value of Rs 990 per sq.ft is now above the median value of Rs 750 per sq.ft for the 382 streets in Thiruninravur-A under the Avadi SRO.

Guideline values in Thiruninravur-A

In Thiruninravur-A, the guideline values range from Rs 440 to Rs 2,750 per sq.ft, with a median of Rs 750 per sq.ft. Sree Selva Vigneshwara Nagar's 2024 guideline value is above this median, indicating a higher valuation compared to many other streets in the area.

Stamp duty and registration fee for property in Sree Selva Vigneshwara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that the 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 Sree Selva Vigneshwara Nagar?

The Sub Registrar Office that covers Sree Selva Vigneshwara Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for additional information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in property transactions within Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded at a value that reflects the prevailing market conditions as determined by the registration department.

Frequently asked questions

What is the current guideline value of Sree Selva Vigneshwara Nagar?

The current guideline value of Sree Selva Vigneshwara Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

The guideline value increased from Rs 400 per sq.ft in 2023 to Rs 990 per sq.ft in 2024, representing a change of +148%.

What is the land classification for Sree Selva Vigneshwara Nagar?

Sree Selva Vigneshwara Nagar is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sree Selva Vigneshwara Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value of Rs 9,90,000 would incur a stamp duty of Rs 69,300 at 7%.