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_B village under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of SelvaVinayagar Kovil Street has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded a value of Rs 300 per sq.ft. The most recent 2024 revision has retained the same value of Rs 300 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2017 to 2024, the guideline value has also increased by 49%, reflecting the same value of Rs 300 per sq.ft in both the 2023 and 2024 revisions.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. SelvaVinayagar Kovil Street's 2024 guideline value is below this median.

• Siva Nagar: Rs 300 per sq.ft (2024)
• Samten: Rs 501 per sq.ft (2024)
• Sri Andal Nagar: Rs 300 per sq.ft (2024)
• Srinivasa Nagar: Rs 300 per sq.ft (2024)
• Ramakka Chathiram: Rs 300 per sq.ft (2024)
• Sri ramanujar nagar: Rs 600 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 guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Santhavellur_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

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 unchanged at Rs 300 per sq.ft from 2023 to 2024. However, there was a 49% increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification for SelvaVinayagar Kovil Street?

SelvaVinayagar Kovil Street is classified as Residential Class II Type - I.

Where can I calculate stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which Sub Registrar Office covers SelvaVinayagar Kovil Street?

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