Guideline Value for SRI SELVA VINAYAGAR NAGAR

Sri Selva Vinayagar Nagar guideline value

The current guideline value of Sri Selva Vinayagar Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Keelakazhani village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Selva Vinayagar Nagar has changed

The guideline value for Sri Selva Vinayagar Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 500 per sq.ft. The current 2024 revision maintains this value at Rs 500 per sq.ft, indicating 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, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase is also 49%, reflecting a consistent valuation over the last few revisions.

Guideline values in Keelakazhani

In Keelakazhani, there are 35 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 500 to Rs 1,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Sri Selva Vinayagar Nagar's 2024 figure below that median.

• Sri Venkateshwara Nagar: Rs 700 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 600 per sq.ft (2024)
• Sri Parvathi Amman Nagar: Rs 600 per sq.ft (2024)
• Sri Paramaswamy Nagar: Rs 800 per sq.ft (2024)
• Sri Meenakshi Nagar: Rs 700 per sq.ft (2024)
• Sri Mahalakshmi Nagar Extn I: Rs 700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value is Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees together to Rs 45,000. 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 Sri Selva Vinayagar Nagar?

Sri Selva Vinayagar Nagar is covered by the Gooduvancheri Sub Registrar Office located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Keelakazhani. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

When buying or selling property, the guideline value is used to assess the official value of the property, which is essential for legal documentation and taxation purposes. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value of Sri Selva Vinayagar Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in both 2023 and 2024, reflecting a 49% increase over that period.

What are the guideline values of other streets in Keelakazhani?

Other streets in Keelakazhani have varying guideline values, ranging from Rs 500 to Rs 1,000 per sq.ft, with the median being Rs 700 per sq.ft.

What fees are applicable for property registration in Sri Selva Vinayagar Nagar?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 45,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.