Guideline Value for Selva Vinayagar Koil Street

Selva Vinayagar Koil Street guideline value

The current guideline value of Selva Vinayagar Koil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Karasangal village under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Selva Vinayagar Koil Street has changed

Over the years, the guideline value for Selva Vinayagar Koil Street has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 250 per sq.ft. The most recent 2024 revision also maintains the value at Rs 250 per sq.ft, indicating no change from the previous year.

Looking further back, the 2017 revision recorded a guideline value of Rs 167 per sq.ft, which marked a 50% increase to Rs 250 per sq.ft by 2023. However, from 2012 to 2017, there was a decrease of 33% in the value. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained the same.

Guideline values in Karasangal

In Karasangal village, there are 59 streets listed under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 3,550 per sq.ft. The median value for these streets is Rs 402 per sq.ft, placing Selva Vinayagar Koil Street's 2024 figure below that median.

• Sigaram Avenue: Rs 1,500 per sq.ft (2024)
• Sindhu Nagar: Rs 700 per sq.ft (2024)
• Sowntharapandiyan Nagar: Rs 800 per sq.ft (2024)
• RPG Gopika garden: Rs 150 per sq.ft (2024)
• Royal Homes: Rs 400 per sq.ft (2024)
• Rathees City: Rs 600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selva Vinayagar Koil Street?

The Sub Registrar Office that covers Selva Vinayagar Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, 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 Karasangal

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

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Selva Vinayagar Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a notable increase from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the land classification for Selva Vinayagar Koil Street?

Selva Vinayagar Koil Street is classified as Residential Class II Type - I.

What are the other streets in Karasangal with their guideline values?

Other streets in Karasangal include Sigaram Avenue at Rs 1,500 per sq.ft, Sindhu Nagar at Rs 700 per sq.ft, and Sowntharapandiyan Nagar at Rs 800 per sq.ft, among others.

Where can I find the Sub Registrar Office for Selva Vinayagar Koil Street?

The Sub Registrar Office for Selva Vinayagar Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.