Guideline Value for Selva Vinayagar Koil Street (Iyappan nagar)

Selva Vinayagar Koil Street (Iyappan nagar) guideline value

The current guideline value of Selva Vinayagar Koil Street (Iyappan nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Selva Vinayagar Koil Street (Iyappan nagar) has changed

Over the years, the guideline value for Selva Vinayagar Koil Street (Iyappan nagar) has seen significant changes. In the 2007 revision, the value was Rs 400 per sq.ft, which increased to Rs 1,600 per sq.ft in 2012. However, there was a decrease to Rs 1,072 per sq.ft in 2017. The value then rose to Rs 1,600 per sq.ft in 2023, before reaching the current rate of Rs 1,700 per sq.ft in 2024.

The changes between these revisions highlight the fluctuations in guideline values. From 2007 to 2012, the value increased by 300%, but then decreased by 33% from 2012 to 2017. After that, there was a substantial increase of 49% from 2017 to 2023, followed by a 6% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 325%.

Guideline values in Ayappakkam

In Ayappakkam village, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. Selva Vinayagar Koil Street (Iyappan nagar) has a guideline value above this median.

• Selva Vinayagar Koil Cross Street (Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Seethammal Street (Rajammal nagar): Rs 1,300 per sq.ft (2024)
• Shankar Avenue: Rs 1,600 per sq.ft (2024)
• Santhu street: Rs 880 per sq.ft (2024)
• Santhosh nagar 2nd street (Santhosh nagar): Rs 1,100 per sq.ft (2024)
• Santhosh nagar 1st Street (Santhosh Nagar): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Selva Vinayagar Koil Street (Iyappan nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total cost for these fees Rs 1,53,000. It is important 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 precise calculations based on your property details.

Which Sub Registrar Office covers Selva Vinayagar Koil Street (Iyappan nagar)?

The Sub Registrar Office that covers Selva Vinayagar Koil Street (Iyappan nagar) is the Ambattur Sub Registrar Office. The address is 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 Ayappakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Ayappakkam. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Selva Vinayagar Koil Street (Iyappan nagar)?

The current guideline value of Selva Vinayagar Koil Street (Iyappan nagar) is Rs 1,700 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 400 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 325% over this period.

What is the land classification for Selva Vinayagar Koil Street (Iyappan nagar)?

The land classification for Selva Vinayagar Koil Street (Iyappan nagar) is Residential Special Type - II.

Where can I find the registration office for Selva Vinayagar Koil Street (Iyappan nagar)?

The registration office for Selva Vinayagar Koil Street (Iyappan nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the stamp duty rate for properties in Selva Vinayagar Koil Street (Iyappan nagar)?

The stamp duty rate for properties in Selva Vinayagar Koil Street (Iyappan nagar) is 7% of the guideline value or the sale price, whichever is higher.