Guideline Value for Selva Vinayagar Koil 2nd Cross Street

Selva Vinayagar Koil 2nd Cross Street guideline value

The current guideline value of Selva Vinayagar Koil 2nd Cross Street is Rs 700 per sq.ft. This street is located in Nallur_2 village under the Redhills SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Selva Vinayagar Koil 2nd Cross Street has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure was then revised to Rs 700 per sq.ft in 2023, marking an increase of 49% over the six-year period. The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for this street.

The most recent revision in 2023 reflects a significant adjustment in the guideline value compared to the previous revision in 2017. The increase indicates a change in the valuation of properties in this area, but no specific figures are available for the other revisions.

Guideline values in Nallur_2

Currently, there are no specific guideline values listed for other streets in Nallur_2 under the Redhills SRO. Therefore, the focus remains solely on Selva Vinayagar Koil 2nd Cross Street.

Stamp duty and registration fee for property in Selva Vinayagar Koil 2nd 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. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Selva Vinayagar Koil 2nd Cross Street?

The Sub Registrar Office that covers Selva Vinayagar Koil 2nd Cross Street is the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Nallur_2. It serves as a reference point for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Selva Vinayagar Koil 2nd Cross Street?

The current guideline value of Selva Vinayagar Koil 2nd 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 the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 700 per sq.ft, which is a rise of 49% over six years.

Are there other streets in Nallur_2 with guideline values?

Currently, there are no specific guideline values listed for other streets in Nallur_2 under the Redhills SRO. The focus is primarily on Selva Vinayagar Koil 2nd Cross Street.

What are the stamp duty and registration fees for a property in this area?

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. This is based on the current guideline value.

Which office handles property registrations for Selva Vinayagar Koil 2nd Cross Street?

The Redhills Sub Registrar Office handles property registrations for Selva Vinayagar Koil 2nd Cross Street. It is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.