Guideline Value for Selvaganapathy Nagar

Selvaganapathy Nagar guideline value

The current guideline value of Selvaganapathy Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Mangadu -A, under the Kunrathur SRO, and is classified as Residential Special Type - III.

How the guideline value of Selvaganapathy Nagar has changed

The guideline value for Selvaganapathy Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 1,980 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a substantial increase of 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,870 per sq.ft, placing Selvaganapathy Nagar's 2024 figure above that median.

• Seetharamapuram: Rs 1,760 per sq.ft (2024)
• Senthamizh Nagar: Rs 2,200 per sq.ft (2024)
• Senthamizh Nagar Phase III: Rs 2,200 per sq.ft (2024)
• School Street: Rs 1,760 per sq.ft (2024)
• Senthurpuram: Rs 1,830 per sq.ft (2024)
• Shanmuganandha koil Street: Rs 2,200 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total charges to Rs 1,78,200. 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 Selvaganapathy Nagar?

The Selvaganapathy Nagar area falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Selvaganapathy Nagar?

The current guideline value of Selvaganapathy Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification of Selvaganapathy Nagar?

Selvaganapathy Nagar is classified as Residential Special Type - III. This classification can influence the types of properties and developments allowed in the area.

Where can I find the registration office for Selvaganapathy Nagar?

The registration office for Selvaganapathy Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated in Selvaganapathy Nagar?

Stamp duty in Selvaganapathy Nagar is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate fees are collected during property transactions.