Guideline Value for Selva vinayagar Nagar

Selva vinayagar Nagar guideline value

The current guideline value of Selva vinayagar Nagar is Rs 875 per sq.ft, effective from 1 July 2024. This area is located in Sevilimadu - A, under the Kanchipuram Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Selva vinayagar Nagar has changed

Over the years, the guideline value of Selva vinayagar Nagar has seen significant changes. The 2017 revision set the value at Rs 536 per sq.ft, which increased to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 875 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 63%. It is important to note that there are no figures for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, making Selva vinayagar Nagar's 2024 figure below that median.

• Sivalingam Nagar: Rs 1,100 per sq.ft (2024)
• S M Doss Avenue: Rs 1,100 per sq.ft (2024)
• S.M. Doss Nagar: Rs 1,100 per sq.ft (2024)
• S M G Nagar: Rs 1,100 per sq.ft (2024)
• Sambanthamoorthy Nagar: Rs 1,100 per sq.ft (2024)
• Sadasivam Nagar: Rs 1,100 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 875 per sq.ft, the total guideline value amounts to Rs 8,75,000. The stamp duty at 7% would be Rs 61,250, and the registration fee at 2% would be Rs 17,500, making the total fees together Rs 78,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selva vinayagar Nagar?

Selva vinayagar Nagar falls under the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value plays a crucial role during the registration of property transactions in Sevilimadu - A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process aligns with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Selva vinayagar Nagar?

The current guideline value of Selva vinayagar Nagar is Rs 875 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 536 per sq.ft to Rs 875 per sq.ft in 2024, which is a total increase of 63% over this period.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees amount to Rs 78,750 based on the current guideline value.

Which Sub Registrar Office covers Selva vinayagar Nagar?

Selva vinayagar Nagar is covered by the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What is the land classification of Selva vinayagar Nagar?

Selva vinayagar Nagar is classified as Residential Class I Type - III, indicating its suitability for residential purposes.