Guideline Value for Selva Vinayagar Koil 1st Cross Street

Selva Vinayagar Koil 1st Cross Street guideline value

The current guideline value for Selva Vinayagar Koil 1st Cross Street is Rs 700 per sq.ft. This street is located in Nallur_2 village, under the Redhills SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Selva Vinayagar Koil 1st Cross Street has changed

The guideline value for Selva Vinayagar Koil 1st Cross Street has seen a revision from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023. This represents an increase of 49% over the six-year period.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only revisions with figures are from 2017 and 2023.

Guideline values in Nallur_2

Currently, there are no specific guideline values provided for other streets in Nallur_2. Selva Vinayagar Koil 1st Cross Street stands as the only street with a defined guideline value in this area.

Stamp duty and registration fee for property in Selva Vinayagar Koil 1st Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. 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 more details.

Which Sub Registrar Office covers Selva Vinayagar Koil 1st Cross Street?

The Sub Registrar Office covering Selva Vinayagar Koil 1st Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Nallur_2

The guideline value is an essential factor during the registration of property transactions in Nallur_2. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This process is crucial in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value for Selva Vinayagar Koil 1st Cross Street?

The current guideline value for Selva Vinayagar Koil 1st Cross Street is Rs 700 per sq.ft, as per the latest revision in 2023.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 700 per sq.ft, marking a change of 49% over six years.

Are there any guideline values for other streets in Nallur_2?

No specific guideline values are provided for other streets in Nallur_2. Selva Vinayagar Koil 1st Cross Street is the only street with a defined guideline value in this village.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. This office handles registrations for properties in the area.