Guideline Value for Selva Vinayagar Nagar

Selva Vinayagar Nagar guideline value

The current guideline value of Selva Vinayagar Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Nandhivaram village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Selva Vinayagar Nagar has changed

The guideline value for Selva Vinayagar Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 62 per sq.ft, which increased significantly to Rs 328 per sq.ft by 2007. This was a change of +429%. The value then rose to Rs 1,200 per sq.ft in 2012, marking a substantial increase of +266%. However, between 2017 and 2023, the value remained at Rs 1,200 per sq.ft, indicating no change during that period. The 2024 revision again sets the value at Rs 1,200 per sq.ft, showing a change of +0% from the previous year.

From 2017 to 2023, the guideline value increased by +49%, reaching Rs 1,200 per sq.ft. Overall, from 2002 to 2024, the guideline value has increased by +1835%, reflecting the changes in the real estate landscape over the years. The register has no figure for this street in 2003.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Selva Vinayagar Nagar's 2024 guideline value of Rs 1,200 per sq.ft is below this median.

• Selvaraj Nagar: Rs 1,000 per sq.ft (2024)
• Sengazhi Amman Kovil Street: Rs 1,000 per sq.ft (2024)
• Senthil Nagar: Rs 3,500 per sq.ft (2024)
• School Street: Rs 1,200 per sq.ft (2024)
• Sathya Sai Nagar: Rs 1,200 per sq.ft (2024)
• Sheela Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Selva Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. 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?

The Sub Registrar Office that covers Selva Vinayagar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nandhivaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to calculate the applicable fees based on the property's value. This ensures that both parties are clear about the financial obligations involved in the transaction, making it essential for buyers and sellers to familiarize themselves with the current guideline value.

Frequently asked questions

What is the current guideline value of Selva Vinayagar Nagar?

The current guideline value of Selva Vinayagar Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 62 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, representing an overall increase of +1835%.

What are the stamp duty and registration fees for property in Selva Vinayagar Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would be Rs 1,08,000.

Which Sub Registrar Office covers Selva Vinayagar Nagar?

The Gooduvancheri Sub Registrar Office covers Selva Vinayagar Nagar, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a benchmark for calculating the financial obligations of buyers and sellers.