Guideline Value for SRI SELVA PERUMAL NAGAR

Sri Selva Perumal Nagar guideline value

The current guideline value of Sri Selva Perumal Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Moolacheri village under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Selva Perumal Nagar has changed

Since the 2017 revision, the guideline value has seen significant changes. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 1,650 per sq.ft, a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Moolacheri

In Moolacheri, there are 17 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,710 per sq.ft, indicating that the guideline value of Sri Selva Perumal Nagar is below this median.

• Serene Avenue: Rs 4,400 per sq.ft (2024)
• Sathyam Golden Nest: Rs 2,710 per sq.ft (2024)
• Vembuilamman Koil Street: Rs 1,100 per sq.ft (2024)
• Vettri Nagar: Rs 1,980 per sq.ft (2024)
• Vgn Brillianze: Rs 4,400 per sq.ft (2024)
• VGN BRILLIANZE P-ii: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Selva Perumal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Selva Perumal Nagar?

Sri Selva Perumal Nagar falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value helps in establishing a fair price for registration purposes. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Selva Perumal Nagar?

The current guideline value of Sri Selva Perumal Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the registration office for Sri Selva Perumal Nagar?

The registration office for Sri Selva Perumal Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 and a registration fee of Rs 33,000.

Where can I find more information about stamp duty and registration fees?

For more information, you can use the stamp duty and registration fee calculator available online.