Guideline Value for Selva Ganapathi Nagar

Selva Ganapathi Nagar guideline value

The current guideline value of Selva Ganapathi Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Arambakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Selva Ganapathi Nagar has changed

The guideline value for Selva Ganapathi Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 160 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, it dropped to Rs 402 per sq.ft in 2017 before rising again to Rs 600 per sq.ft in both 2023 and 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, while the value remained unchanged from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 275%.

Guideline values in Arambakkam

In Arambakkam, there are 33 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 800 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value for Selva Ganapathi Nagar matches this median.

• S.G.R Nagar: Rs 800 per sq.ft (2024)
• Shantha Nagar: Rs 600 per sq.ft (2024)
• Sasikala Nagar: Rs 600 per sq.ft (2024)
• S.K.S Avenue: Rs 500 per sq.ft (2024)
• Sri Ellai Amman Nagar: Rs 500 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Selva Ganapathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selva Ganapathi Nagar?

The Sub Registrar Office that covers Selva Ganapathi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Arambakkam. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a sale.

When a property is bought or sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Selva Ganapathi Nagar?

The current guideline value of Selva Ganapathi Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 160 per sq.ft in 2007, increasing to Rs 600 in 2012, dropping to Rs 402 in 2017, and returning to Rs 600 in 2023 and 2024.

What is the registration fee for properties in Selva Ganapathi Nagar?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 6,00,000 would incur a registration fee of Rs 12,000 at a rate of 2%.

Which Sub Registrar Office covers Selva Ganapathi Nagar?

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

What are the other streets in Arambakkam with guideline values?

Other streets in Arambakkam include S.G.R Nagar at Rs 800 per sq.ft, Shantha Nagar at Rs 600 per sq.ft, Sasikala Nagar at Rs 600 per sq.ft, S.K.S Avenue at Rs 500 per sq.ft, Sri Ellai Amman Nagar at Rs 500 per sq.ft, and Sri Kumaran Nagar at Rs 600 per sq.ft.