Guideline Value for Selva Nagar

Selva Nagar guideline value

The current guideline value of Selva Nagar is Rs 800 per sq.ft. This area is located in Vengadamangalam village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Selva Nagar has changed

Looking at the revisions, the guideline value for Selva Nagar was Rs 800 per sq.ft in 2012. This remained the same in the subsequent revision in 2017, where it dropped to Rs 536 per sq.ft, marking a decrease of 33%. However, the most recent revision in 2023 saw a significant increase to Rs 800 per sq.ft, resulting in a 49% rise from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has remained unchanged at Rs 800 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific guideline values provided for other streets in Vengadamangalam. The guideline value for Selva Nagar is Rs 800 per sq.ft as per the latest revision.

Stamp duty and registration fee for property in Selva Nagar

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is essential 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 Nagar?

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

For more information, you can find your SRO.

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

The guideline value is a critical aspect when registering property in Vengadamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware that the guideline value or the sale price, whichever is higher, will be used to calculate the applicable duties.

When purchasing property, understanding the guideline value helps in budgeting for additional costs such as stamp duty and registration fees. It is advisable to check the latest guideline values to ensure accurate financial planning during property transactions.

Frequently asked questions

What is the current guideline value of Selva Nagar?

The current guideline value of Selva Nagar is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Selva Nagar has seen fluctuations, with a decrease to Rs 536 per sq.ft in 2017 from Rs 800 in 2012, followed by an increase back to Rs 800 in 2023.

What is the land classification for Selva Nagar?

Selva Nagar is classified as Residential Special Type - II according to the land classification details.

Where is the Gooduvancheri SRO located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Selva Nagar?

Stamp duty for properties in Selva Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 72,000 based on the current guideline value.