Guideline Value for Selva Vinayagar Street

Selva Vinayagar Street guideline value

The current guideline value of Selva Vinayagar Street is Rs 175 per sq.ft, effective from 1 July 2024. This street is located in Palnalloor village under the Sunguvarchattram SRO, classified as Residential Class III Type - I.

How the guideline value of Selva Vinayagar Street has changed

In the 2012 revision, the guideline value was Rs 175 per sq.ft. This value remained unchanged in the subsequent revisions of 2017, where it was Rs 117 per sq.ft, reflecting a decrease of 33%. The guideline value then increased by 50% to Rs 175 per sq.ft in the 2023 revision. The current revision for 2024 also maintains this value at Rs 175 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the only revisions available for Selva Vinayagar Street are from 2012, 2017, 2023, and 2024.

Guideline values in Palnalloor

In Palnalloor, there are 34 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 471 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Selva Vinayagar Street is below this median.

• School Street: Rs 175 per sq.ft (2024)
• Sri Balaji Nagar: Rs 200 per sq.ft (2024)
• Thanthoniamman Kovil Street: Rs 250 per sq.ft (2024)
• TheruVeethiamman Kovil North Street: Rs 175 per sq.ft (2024)
• TheruVeethiamman Kovil Street: Rs 175 per sq.ft (2024)
• Thirumallai Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Selva Vinayagar Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,75,000. The stamp duty at 7% amounts to Rs 12,250, and the registration fee at 2% is Rs 3,500, totaling Rs 15,750. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selva Vinayagar Street?

The Sub Registrar Office covering Selva Vinayagar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Selva Vinayagar Street?

The current guideline value of Selva Vinayagar Street is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 175 per sq.ft from 2012 to 2024, with a decrease to Rs 117 per sq.ft in 2017 and an increase back to Rs 175 per sq.ft in 2023.

What is the median guideline value in Palnalloor?

The median guideline value in Palnalloor is Rs 200 per sq.ft, with Selva Vinayagar Street's value being below this median.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 15,750, calculated based on the guideline value of Rs 1,75,000.

Which office handles the registration for Selva Vinayagar Street?

The registration for Selva Vinayagar Street is handled by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.