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_C village, under the Sunguvarchattram SRO, and is classified as 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 most recent revision in 2024 maintains the guideline value at Rs 300 per sq.ft, the same as the previous revision in 2023. Prior to this, in 2017, the guideline value was Rs 201 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

It is important to note that the register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, we only have the figures from the revisions in 2017, 2023, and 2024 to consider.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value in the village is Rs 350 per sq.ft, placing SelvaVinayagar Kovil Street's 2024 figure below this median.

• Siva Nagar: Rs 300 per sq.ft (2024)
• Samten: Rs 1,000 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 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 SelvaVinayagar Kovil Street?

SelvaVinayagar Kovil Street falls under the jurisdiction of 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_C

The guideline value plays a crucial role in property transactions in Santhavellur_C. It is used as a basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to understand the financial implications of their transactions.

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. This ensures that the government receives the correct amount of 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 for SelvaVinayagar Kovil Street has remained at Rs 300 per sq.ft from 2023 to 2024, with a significant 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, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this 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.

How is the stamp duty calculated for properties in Santhavellur_C?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. For example, a property valued at Rs 3,00,000 would incur a stamp duty of Rs 21,000 at the rate of 7%.