Guideline Value for Selvaganapathy Nagar

Selvaganapathy Nagar guideline value

The current guideline value of Selvaganapathy Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Nandambakkam village and falls under the Padappai SRO, classified as Residential Class V Type - III.

How the guideline value of Selvaganapathy Nagar has changed

The guideline value for Selvaganapathy Nagar has seen several revisions over the years. In 2007, the value was set at Rs 45 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012, marking a rise of 789%. However, this was followed by a decrease to Rs 268 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 400 per sq.ft in 2023, and most recently, it has increased to Rs 440 per sq.ft in 2024, representing a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 878%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nandambakkam

In Nandambakkam, there are 94 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,300 per sq.ft, with a median of Rs 880 per sq.ft. The guideline value for Selvaganapathy Nagar is below this median.

• Senthil Garden: Rs 990 per sq.ft (2024)
• Senthil Garden Extension: Rs 1,320 per sq.ft (2024)
• Sathyamurthy Nagar: Rs 720 per sq.ft (2024)
• Shoba Evergreens: Rs 1,870 per sq.ft (2024)
• Singai Prakash Garden: Rs 990 per sq.ft (2024)
• Santhi Nagar: Rs 440 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 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total charges Rs 39,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selvaganapathy Nagar?

The Sub Registrar Office that covers Selvaganapathy Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Nandambakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Selvaganapathy Nagar?

The current guideline value of Selvaganapathy Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 45 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 878% over the years.

What are the other streets in Nandambakkam with their guideline values?

Other streets in Nandambakkam include Senthil Garden at Rs 990 per sq.ft, Senthil Garden Extension at Rs 1,320 per sq.ft, Sathyamurthy Nagar at Rs 720 per sq.ft, Shoba Evergreens at Rs 1,870 per sq.ft, Singai Prakash Garden at Rs 990 per sq.ft, and Santhi Nagar at Rs 440 per sq.ft.

What fees are associated with buying property in Selvaganapathy Nagar?

When buying property in Selvaganapathy Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Selvaganapathy Nagar?

The Sub Registrar Office covering Selvaganapathy Nagar is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.