Guideline Value for SRI SELVI NAGAR

Sri Selvi Nagar guideline value

The current guideline value of Sri Selvi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Puliyampakkam village under the Walajabad SRO and is classified as Residential Class I Type - II.

How the guideline value of Sri Selvi Nagar has changed

The guideline value for Sri Selvi Nagar has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 200 per sq.ft. This was followed by the 2017 revision, where the guideline value decreased to Rs 134 per sq.ft, marking a change of -33%. In the 2023 revision, the value returned to Rs 200 per sq.ft, and it remained unchanged in the 2024 revision at Rs 200 per sq.ft, resulting in a 0% change from 2023 to 2024.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 200 per sq.ft, indicating a 0% change over this period.

Guideline values in Puliyampakkam

In Puliyampakkam, there are 26 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 550 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Sri Selvi Nagar is below this median.

• Sri Sivam Avenue: Rs 200 per sq.ft (2024)
• Sri Sairam Nagar: Rs 200 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 200 per sq.ft (2024)
• Sri Rangan Nagar: Rs 300 per sq.ft (2024)
• Sri Lakshmi Narasimman Garden: Rs 250 per sq.ft (2024)
• Sri Gangai Amman Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Selvi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Selvi Nagar?

The Sub Registrar Office that covers Sri 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 Puliyampakkam

The guideline value is a crucial factor during the registration of property transactions in Puliyampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with the law.

When buying or selling property, the guideline value helps to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sri Selvi Nagar?

The current guideline value of Sri Selvi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revisions being Rs 200 per sq.ft in 2023 and 2024, a decrease to Rs 134 per sq.ft in 2017, and Rs 200 per sq.ft in 2012.

What are the guideline values of other streets in Puliyampakkam?

Other streets in Puliyampakkam have varying guideline values, with rates ranging from Rs 150 to Rs 550 per sq.ft. The median value is Rs 250 per sq.ft, making Sri Selvi Nagar's value below this median.

What are the stamp duty and registration fees for a property in Sri Selvi Nagar?

The stamp duty for a property valued at Rs 2,00,000 is Rs 14,000, and the registration fee is Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Selvi Nagar located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles the registration of properties in the area.