Guideline Value for Selva Ganapathy Nagar

Selva Ganapathy Nagar guideline value

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

How the guideline value of Selva Ganapathy Nagar has changed

Over the years, the guideline value of Selva Ganapathy Nagar has seen significant changes. The earliest recorded figure is from 2007, where the guideline value was Rs 150 per sq.ft. This increased to Rs 1,400 per sq.ft in 2012, followed by a decrease to Rs 938 per sq.ft in 2017. The value then rose sharply to Rs 1,400 per sq.ft in 2023, and finally, the current value is Rs 1,540 per sq.ft in 2024.

The changes between revisions are notable. From 2007 to 2012, the value increased by 833%. However, from 2012 to 2017, there was a decrease of 33%. The value then increased by 49% from 2017 to 2023, and from 2023 to 2024, it has increased by 10%. Overall, from 2007 to 2024, the guideline value has increased by 927%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a guideline value for 2024, 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.

• Selva Ganapathy Nagar 1st Cross Street: Rs 1,540 per sq.ft (2024)
• Selva Ganapathy Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Selva Ganapathy Nagar 2nd Main Road: Rs 1,540 per sq.ft (2024)
• Selva Ganapathy Nagar Ist Main Road: Rs 1,760 per sq.ft (2024)
• S.B.M.School Street Main Street: Rs 1,760 per sq.ft (2024)
• S.B.M.School Street 2nd Cross Street: Rs 1,540 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 1,540 per sq.ft, the total guideline value amounts to 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, bringing the total to Rs 1,38,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selva Ganapathy Nagar?

The Sub Registrar Office that covers Selva Ganapathy 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 Thiruverkadu

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that these costs are based on a standardized valuation.

When a property is sold, the guideline value helps in assessing the official value of the property, which can impact the overall transaction. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Selva Ganapathy Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 150 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, marking an overall increase of 927%.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 15,40,000. The stamp duty is Rs 1,07,800, and the registration fee is Rs 30,800, totaling Rs 1,38,600.

Which Sub Registrar Office covers Selva Ganapathy Nagar?

The Kunrathur Sub Registrar Office covers Selva Ganapathy Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Selva Ganapathy Nagar?

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