Guideline Value for Selvaganapathy Nagar

Selvaganapathy Nagar guideline value

The current guideline value of Selvaganapathy Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Karanaithangal village and falls under the Sunguvarchattram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Selvaganapathy Nagar has changed

The guideline value for Selvaganapathy Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value increased to Rs 335 per sq.ft, representing a decrease of 33%. The 2023 revision brought the value back to Rs 500 per sq.ft, and the current 2024 revision maintains this figure, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 500 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karanaithangal

In Karanaithangal village, there are 17 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 471 to Rs 1,000 per sq.ft. The median value is Rs 500 per sq.ft, which is the same as the guideline value for Selvaganapathy Nagar. Below are the guideline values for other streets in Karanaithangal:

• Priya Nagar: Rs 800 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 500 per sq.ft (2024)
• Thambaram-Kanchipuram Main Road: Rs 1,000 per sq.ft (2024)
• Perinjambakkam Salai: Rs 500 per sq.ft (2024)
• Venkateshwara Nagar: Rs 500 per sq.ft (2024)
• Kullakkarai Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Selvaganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, while the registration fee at 2% would be Rs 10,000, leading to a total of Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selvaganapathy Nagar?

Selvaganapathy Nagar is covered by 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 Karanaithangal

The guideline value plays a crucial role in property transactions in Karanaithangal. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Ensuring that the transaction adheres to the guideline value can help avoid potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Selvaganapathy Nagar?

The current guideline value of Selvaganapathy Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 500 per sq.ft in both 2023 and 2024. The value was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.

What is the land classification for Selvaganapathy Nagar?

Selvaganapathy Nagar is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for a property in Selvaganapathy Nagar?

For a 1,000 sq.ft property, the total stamp duty and registration fees would amount to Rs 45,000, based on the current guideline value of Rs 500 per sq.ft.

Which Sub Registrar Office covers Selvaganapathy Nagar?

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