Guideline Value for SRI SELVA VINGNESH NAGAR

Sri Selva Vingnesh Nagar guideline value

The current guideline value of Sri Selva Vingnesh Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Azhakoor village under the Sriperumpudur SRO, and is classified as a New House Site Type -III (Approved Lay-Out).

How the guideline value of Sri Selva Vingnesh Nagar has changed

The guideline value for Sri Selva Vingnesh Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 300 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 201 per sq.ft. Following this, the value increased significantly to Rs 300 per sq.ft in the 2023 revision, which was maintained in the 2024 revision, showing no change from the previous year.

Between the revisions, the most notable change occurred from 2017 to 2023, with an increase of 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 300 per sq.ft.

Guideline values in Azhakoor

Azhakoor village has 18 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 350 per sq.ft. The median guideline value for these streets is Rs 225 per sq.ft, placing Sri Selva Vingnesh Nagar above this median.

• Sri Sundararaja Perumal City: Rs 200 per sq.ft (2024)
• Sriradi Sai Nagar: Rs 300 per sq.ft (2024)
• Srimathi Sankar Nagar: Rs 200 per sq.ft (2024)
• Sri Jai Vignesh Nagar: Rs 300 per sq.ft (2024)
• Sri Azhagar Nagar: Rs 300 per sq.ft (2024)
• Sbi Colony: Rs 350 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Selva Vingnesh Nagar?

The Sub Registrar Office covering Sri Selva Vingnesh Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Azhakoor. It is used as a benchmark for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value ensures that the government receives the appropriate revenue through stamp duty and registration fees. This value is essential for both legal and financial aspects of property transactions.

Frequently asked questions

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

The current guideline value of Sri Selva Vingnesh Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What is the land classification for Sri Selva Vingnesh Nagar?

Sri Selva Vingnesh Nagar is classified as a New House Site Type -III (Approved Lay-Out).

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 3,00,000, the total fees would amount to Rs 27,000.

Where can I find the Sub Registrar Office for Sri Selva Vingnesh Nagar?

The Sub Registrar Office for Sri Selva Vingnesh Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.