Guideline Value for Selva Vinayagar Koil Street/ Otteri Extn

Selva Vinayagar Koil Street/ Otteri Extn guideline value

The current guideline value for Selva Vinayagar Koil Street/ Otteri Extn is Rs 1,500 per sq.ft. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Selva Vinayagar Koil Street/ Otteri Extn has changed

The guideline value for Selva Vinayagar Koil Street/ Otteri Extn has seen several revisions over the years. In the 2007 revision, the guideline value was set at Rs 550 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a rise of 173%. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, which was a decrease of 33%. The most recent revision in 2023 has set the guideline value back to Rs 1,500 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 173%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. Selva Vinayagar Koil Street/ Otteri Extn is classified under the Gooduvancheri SRO. Unfortunately, there are no other streets in Vandalur with available guideline values.

Stamp duty and registration fee for property in Selva Vinayagar Koil Street/ Otteri Extn

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selva Vinayagar Koil Street/ Otteri Extn?

The Sub Registrar Office that covers Selva Vinayagar Koil Street/ Otteri Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Vandalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Selva Vinayagar Koil Street/ Otteri Extn?

The current guideline value of Selva Vinayagar Koil Street/ Otteri Extn is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and is currently back at Rs 1,500 per sq.ft in 2023.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Selva Vinayagar Koil Street/ Otteri Extn is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

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

Is there any guideline value figure for the year 2024?

No, the guideline value register does not have a figure for Selva Vinayagar Koil Street/ Otteri Extn for the year 2024.