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Guideline Value

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Guideline Value for Selva Ganapathy Nagar 2nd Main Road

₹1540/sq.ft.

The guideline value for Selva Ganapathy Nagar 2nd Main Road in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Ganapathy Nagar 2nd Main Road

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Selva Ganapathy Nagar 2nd Main Road guideline value

The current guideline value of Selva Ganapathy Nagar 2nd Main Road is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Selva Ganapathy Nagar 2nd Main Road has changed

In the 2012 revision, the guideline value was Rs 1,400 per sq.ft. This value decreased to Rs 938 per sq.ft in the 2017 revision, marking a reduction of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it up to Rs 1,400 per sq.ft. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value is Rs 1,540 per sq.ft, which is equal to the guideline value of Selva Ganapathy Nagar 2nd Main Road.

Stamp duty and registration fee for property in Selva Ganapathy Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, resulting in a total of Rs 1,38,600. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Selva Ganapathy Nagar 2nd Main Road?

The Sub Registrar Office covering Selva Ganapathy Nagar 2nd Main Road 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 Thiruverkadu

The guideline value is an important factor in property transactions in Thiruverkadu. It serves as a reference point for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, the guideline value is used to calculate the duties and fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction. It is essential to consider the guideline value when planning any property dealings in the area.

Frequently asked questions

What is the current guideline value of Selva Ganapathy Nagar 2nd Main Road?

The current guideline value of Selva Ganapathy Nagar 2nd Main Road is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has fluctuated from Rs 1,400 per sq.ft to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023, and finally reached Rs 1,540 per sq.ft in 2024.

What is the land classification for Selva Ganapathy Nagar 2nd Main Road?

Selva Ganapathy Nagar 2nd Main Road is classified as Residential Class I Type - I.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% applies.

Which office handles registrations for Selva Ganapathy Nagar 2nd Main Road?

The Kunrathur Sub Registrar Office handles registrations for Selva Ganapathy Nagar 2nd Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.