Guideline Value for Seliyur Eswari Nagar Ext

Seliyur Eswari Nagar Ext guideline value

The current guideline value of Seliyur Eswari Nagar Ext is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Seliyur Eswari Nagar Ext has changed

The guideline value for Seliyur Eswari Nagar Ext has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,474 per sq.ft. The value remained at Rs 2,200 per sq.ft until the 2023 revision, which increased it to Rs 2,200 per sq.ft. The most recent 2024 revision has raised the guideline value to Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Seliyur Eswari Nagar Ext above this median.

• Seliyur Kulakari Street Ext: Rs 1,400 per sq.ft (2024)
• Seliyur & Rajakilpakam Ganesh Nagar Main Road: Rs 2,400 per sq.ft (2024)
• Selaiyur Hall: Rs 1,600 per sq.ft (2024)
• Sekar Avenue: Rs 2,750 per sq.ft (2024)
• Selvam Nagar: Rs 950 per sq.ft (2024)
• Secratoriyam Colony: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Seliyur Eswari Nagar Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost to Rs 2,16,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Seliyur Eswari Nagar Ext?

The Sub Registrar Office that covers Seliyur Eswari Nagar Ext is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Selaiyur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenues from stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate applicable duties and fees. Buyers must be aware that the duty is charged based on the higher amount between the guideline value and the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Seliyur Eswari Nagar Ext?

The current guideline value of Seliyur Eswari Nagar Ext is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 9% over this period.

What is the land classification for Seliyur Eswari Nagar Ext?

Seliyur Eswari Nagar Ext is classified as Residential Special Type - II.

Where is the Sub Registrar Office for Seliyur Eswari Nagar Ext located?

The Sub Registrar Office for Seliyur Eswari Nagar Ext is located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Seliyur Eswari Nagar Ext?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 24,00,000, the stamp duty at 7% would be Rs 1,68,000.