Guideline Value for Selva Vinayagar Koil Street

Selva Vinayagar Koil Street guideline value

The current guideline value of Selva Vinayagar Koil Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Selva Vinayagar Koil Street has changed

Looking at the revisions, the guideline value for Selva Vinayagar Koil Street was Rs 2,211 per sq.ft in 2017. It then increased to Rs 3,300 per sq.ft in 2012. However, there are no figures available for the years 2002, 2003, and 2007. In the 2023 revision, the guideline value was Rs 3,300 per sq.ft, and it increased to Rs 3,600 per sq.ft in 2024, marking a 9% rise.

From 2017 to 2023, the value saw a significant increase of 49%. The change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has risen by 9%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, which is equal to the current value of Selva Vinayagar Koil Street.

• Sekaran Street: Rs 4,600 per sq.ft (2024)
• Seenivasan Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Sathyapuram Main Street: Rs 1,600 per sq.ft (2024)
• Sathyapuram 2nd Street: Rs 1,600 per sq.ft (2024)
• Sathyapuram 1st Street: Rs 1,600 per sq.ft (2024)
• Sathyanarayana Street: Rs 4,600 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 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total to Rs 3,24,000. Note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selva Vinayagar Koil Street?

The Sub Registrar Office covering Selva Vinayagar Koil Street is the Ambattur Sub Registrar Office, located at 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 Ambattur

The guideline value is crucial during property registration in Ambattur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps establish a baseline for negotiations. Buyers and sellers can use this information to ensure that the transaction aligns with the official valuation set by the government.

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 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,211 per sq.ft in 2017 to Rs 3,600 per sq.ft in 2024. Notably, there was a 49% increase from 2017 to 2023, followed by a 9% increase from 2023 to 2024.

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

Other streets in Ambattur include Sekaran Street at Rs 4,600 per sq.ft, Seenivasan Street (Ramapuram) at Rs 3,600 per sq.ft, and several Sathyapuram streets at Rs 1,600 per sq.ft.

What fees are associated with purchasing property in Selva Vinayagar Koil Street?

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000, and the registration fee would be Rs 72,000, totaling Rs 3,24,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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 Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.