Guideline Value for Selvakumaran Nagar

Selvakumaran Nagar guideline value

The current guideline value of Selvakumaran Nagar is Rs 2,100 per sq.ft, effective from 1 July 2024. This area is located in Soorapattu village, under the Ambattur SRO, and is classified as Mixed Type - III land.

How the guideline value of Selvakumaran Nagar has changed

According to the guideline value register, there are no figures for Selvakumaran Nagar for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision shows a guideline value of Rs 2,100 per sq.ft, which remains unchanged in the 2024 revision.

From the 2023 to the 2024 revision, the guideline value for Selvakumaran Nagar has seen a change of +0%. Both revisions have the same figure of Rs 2,100 per sq.ft.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Selvakumaran Nagar is above this median.

• Senthil Nagar: Rs 1,300 per sq.ft (2024)
• School Street: Rs 1,100 per sq.ft (2024)
• Shanmugapuram Gamled: Rs 1,300 per sq.ft (2024)
• S I S Capetown: Rs 3,400 per sq.ft (2024)
• S I S Capetown Phase-II: Rs 3,400 per sq.ft (2024)
• Sis Cape town Phase-III: Rs 4,478 per sq.ft (2024)

Stamp duty and registration fee for property in Selvakumaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total fees to Rs 1,89,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selvakumaran Nagar?

Selvakumaran Nagar falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Soorapattu. It is used to determine the stamp duty and registration fees, which are mandatory costs for buyers and sellers alike.

When a property is bought or sold, the guideline value is considered to ensure that the transaction is recorded accurately. This helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Selvakumaran Nagar?

The current guideline value of Selvakumaran Nagar is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Selvakumaran Nagar has remained at Rs 2,100 per sq.ft for the years 2023 and 2024. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Selvakumaran Nagar?

Selvakumaran Nagar is classified as Mixed Type - III land. This classification can affect the usage and development potential of the property.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at the current guideline value incurs total fees of Rs 1,89,000.

Which Sub Registrar Office covers this area?

Selvakumaran Nagar is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.