Guideline Value for SelvaVinayagar Kovil Street

SelvaVinayagar Kovil Street guideline value

The current guideline value of SelvaVinayagar Kovil Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of SelvaVinayagar Kovil Street has changed

Over the years, the guideline value for SelvaVinayagar Kovil Street has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% to Rs 300 per sq.ft. The 2024 revision has maintained this rate, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 300 per sq.ft.

Guideline values in Santhavellur

Santhavellur village has a total of 63 streets under the Sunguvarchattram SRO, with 2024 guideline values ranging from Rs 200 to Rs 2,800 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing SelvaVinayagar Kovil Street's 2024 figure below that median.

• Siva Nagar: Rs 300 per sq.ft (2024)
• Samten: Rs 1,000 per sq.ft (2024)
• Sri Andal Nagar: Rs 305 per sq.ft (2024)
• Saar Grand Magnum City: Rs 2,005 per sq.ft (2024)
• Srinivasa Nagar: Rs 305 per sq.ft (2024)
• Ramakka Chathiram: Rs 305 per sq.ft (2024)

Stamp duty and registration fee for property in SelvaVinayagar Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 SelvaVinayagar Kovil Street?

The Sub Registrar Office that covers SelvaVinayagar Kovil 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 Santhavellur

The guideline value is a crucial factor in the registration process when buying or selling property in Santhavellur. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the sale price or the guideline value, whichever is higher, is considered for the calculation of these fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of SelvaVinayagar Kovil Street?

The current guideline value of SelvaVinayagar Kovil Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a notable drop to Rs 201 per sq.ft in 2017 before returning to Rs 300 per sq.ft in 2023.

What is the median guideline value for streets in Santhavellur?

The median guideline value for the 63 streets in Santhavellur is Rs 500 per sq.ft, with SelvaVinayagar Kovil Street's value being below this median.

What are the stamp duty and registration fees for property in SelvaVinayagar Kovil Street?

The stamp duty for a property valued at Rs 3,00,000 is Rs 21,000, and the registration fee is Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers SelvaVinayagar Kovil Street?

The Sunguvarchattram Sub Registrar Office covers SelvaVinayagar Kovil Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.