Guideline Value for Selva Ganapathy Nagar

Selva Ganapathy Nagar guideline value

The current guideline value of Selva Ganapathy Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Tharapakkam village and falls under the Pammal SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Selva Ganapathy Nagar has changed

The guideline value for Selva Ganapathy Nagar has undergone several revisions over the years. The register shows that the guideline value was Rs 670 per sq.ft in 2017, which increased to Rs 1,000 per sq.ft in 2023. The latest revision for 2024 sets the value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, from 2017 to 2024, the increase amounts to 64%, reflecting changes in the valuation over these years.

Guideline values in Tharapakkam

In Tharapakkam, 47 streets under the Pammal SRO have a 2024 guideline value ranging from Rs 880 to Rs 5,000 per sq.ft, with the median value being Rs 1,100 per sq.ft. The guideline value for Selva Ganapathy Nagar aligns with this median.

• Shobanam Enclave: Rs 1,100 per sq.ft (2024)
• Shobanam Nagar: Rs 1,100 per sq.ft (2024)
• R.G.M Nagar: Rs 1,100 per sq.ft (2024)
• Sri Gayathri Avenue: Rs 990 per sq.ft (2024)
• Sri Krishna Garden: Rs 1,980 per sq.ft (2024)
• Raja Koil Street (ward 9): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Selva Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 details.

Which Sub Registrar Office covers Selva Ganapathy Nagar?

The Sub Registrar Office covering Selva Ganapathy Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Tharapakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the sale price or the guideline value—whichever is higher—will determine the amount of stamp duty payable. This ensures that the transaction is recorded fairly and accurately within the legal framework.

Frequently asked questions

What is the current guideline value of Selva Ganapathy Nagar?

The current guideline value of Selva Ganapathy Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification for Selva Ganapathy Nagar?

Selva Ganapathy Nagar is classified as Residential Class I Type - I, indicating its designation for residential development.

What are the stamp duty and registration fees for property in Selva Ganapathy Nagar?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.