Guideline Value

Corporate

Guideline Value for Selva Ganapathi Nagar

₹1430/sq.ft.

The guideline value for Selva Ganapathi Nagar in Chennerkuppam village (Kunrathur SRO, Chennai zone) is Rs 1430 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chennerkuppam

Village

Kunrathur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1430 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹450 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Selva Ganapathi Nagar

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Selva Ganapathi Nagar guideline value

The current guideline value of Selva Ganapathi Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Chennerkuppam village under the Kunrathur SRO, classified as Residential Class I Type - III.

How the guideline value of Selva Ganapathi Nagar has changed

The guideline value for Selva Ganapathi Nagar has seen several revisions over the years. The earliest recorded value was Rs 450 per sq.ft in 2007, which increased significantly to Rs 1,300 per sq.ft in 2012. However, this value dropped to Rs 871 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 1,300 per sq.ft, and the latest revision in 2024 further increased it to Rs 1,430 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 218%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,895 per sq.ft, with a median value of Rs 1,540 per sq.ft. Selva Ganapathi Nagar's 2024 figure is below this median.

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 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, resulting in a total of Rs 1,28,700. 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 details.

Which Sub Registrar Office covers Selva Ganapathi Nagar?

The Sub Registrar Office that covers Selva Ganapathi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Chennerkuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers must be aware that these charges are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Selva Ganapathi Nagar?

The current guideline value of Selva Ganapathi Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,430 per sq.ft in 2024, showing an overall increase of 218% across the years.

What is the registration office for Selva Ganapathi Nagar?

The registration office for Selva Ganapathi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated in Selva Ganapathi Nagar?

Stamp duty in Selva Ganapathi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the stamp duty would amount to Rs 1,00,100 based on the current guideline value.

Are there other streets with different guideline values in Chennerkuppam?

Yes, there are other streets in Chennerkuppam with varying guideline values. For instance, Selva Vinayagar Nagar and Seervi Nagar both have a guideline value of Rs 1,320 per sq.ft in 2024.