Guideline Value for Selva Vinagayar nagar

Selva Vinagayar nagar guideline value

The current guideline value for Selva Vinagayar nagar is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is part of Thirumullaivoyal village under the Ambattur SRO and is classified as Residential Class I Type - I.

How the guideline value of Selva Vinagayar nagar has changed

The guideline value for Selva Vinagayar nagar has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 2,200 per sq.ft, marking a 1000% increase. The 2023 revision maintained this value at Rs 2,200 per sq.ft, but in the 2024 revision, it increased to Rs 2,400 per sq.ft, reflecting a 9% rise.

There are no registered figures for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1100%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 2,400 per sq.ft, which is equal to the current guideline value for Selva Vinagayar nagar.

• Selva Vinagayar Street: Rs 2,400 per sq.ft (2024)
• Sengutuvan Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• School Street(Padasalai st.) (Annanoor): Rs 1,600 per sq.ft (2024)
• School Street(Devi Nagar): Rs 2,400 per sq.ft (2024)
• School Cross Street(Padasalai st.) (Annanoor): Rs 1,600 per sq.ft (2024)
• S.B. Nagar 4th Street (Subramaniar Bharathiyar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Selva Vinagayar nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Selva Vinagayar nagar?

The Sub Registrar Office that covers Selva Vinagayar nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that the transaction is recorded accurately according to government regulations.

Frequently asked questions

What is the current guideline value for Selva Vinagayar nagar?

The current guideline value for Selva Vinagayar nagar is Rs 2,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased by 1100%, from Rs 200 per sq.ft to Rs 2,400 per sq.ft in 2024. The most recent change was a 9% increase from Rs 2,200 per sq.ft in 2023.

What is the land classification for Selva Vinagayar nagar?

Selva Vinagayar nagar is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Selva Vinagayar nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a benchmark for calculating the charges that need to be paid at the time of registration.