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Guideline Value

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Guideline Value for Selva Vinayagar Nagar Annex-1

₹440/sq.ft.

The guideline value for Selva Vinayagar Nagar Annex-1 in Azhinchivakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Azhinchivakkam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Selva Vinayagar Nagar Annex-1

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Selva Vinayagar Nagar Annex-1 guideline value

The current guideline value of Selva Vinayagar Nagar Annex-1 is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Azhinchivakkam village and falls under the Redhills SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Selva Vinayagar Nagar Annex-1 has changed

The guideline value for Selva Vinayagar Nagar Annex-1 has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, but then decreased to Rs 268 per sq.ft in 2017. The value rose significantly to Rs 400 per sq.ft in 2023 and further increased to Rs 440 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The revision from 2023 to 2024 shows a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 120%. There are no figures available for the years 2002 and 2003 for this street.

Guideline values in Azhinchivakkam

In Azhinchivakkam, there are five streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft, with the median being Rs 440 per sq.ft. Selva Vinayagar Nagar Annex-1's 2024 figure matches this median.

Stamp duty and registration fee for property in Selva Vinayagar Nagar Annex-1

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selva Vinayagar Nagar Annex-1?

The Sub Registrar Office that covers Selva Vinayagar Nagar Annex-1 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Azhinchivakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value.

When a property is sold, the guideline value ensures that the transaction is recorded accurately for taxation purposes. Buyers and sellers must be aware of these values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Selva Vinayagar Nagar Annex-1?

The current guideline value of Selva Vinayagar Nagar Annex-1 is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024. Notably, there was a significant increase of 49% from 2017 to 2023.

What are the guideline values of other streets in Azhinchivakkam?

Other streets in Azhinchivakkam have varying guideline values, ranging from Rs 330 to Rs 550 per sq.ft. For example, Sri Selva Vinayagar Nagar has a guideline value of Rs 550 per sq.ft, while Pillayar Koil Street and Mettu Street both have values of Rs 330 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the same value, ensuring that buyers are aware of their financial obligations during the property transaction.

Where can I find the Sub Registrar Office for Selva Vinayagar Nagar Annex-1?

The Sub Registrar Office for Selva Vinayagar Nagar Annex-1 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.