Guideline Value for Selvam Nagar Extn Thiyagarajansalai (Ward-23)

Selvam Nagar Extn Thiyagarajansalai (Ward-23) guideline value

The current guideline value of Selvam Nagar Extn Thiyagarajansalai (Ward-23) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Selvam Nagar Extn Thiyagarajansalai (Ward-23) has changed

The guideline value for Selvam Nagar Extn Thiyagarajansalai has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. The most recent revision in 2024 has increased this value to Rs 2,200 per sq.ft, marking a change of +64% from the 2017 figure.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only relevant revisions are from 2017 to 2024.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Selvam Nagar Extn Thiyagarajansalai's 2024 figure above that median.

• Selvam Nagar Extn Thangarajsalai (Ward-23): Rs 2,200 per sq.ft (2024)
• Selvam Nagar Extn Natesan Main Road (Ward-23): Rs 2,200 per sq.ft (2024)
• Selvam Nagar, Lakshmipuram (Ward-25): Rs 2,200 per sq.ft (2024)
• Selvam Nagar Extn Mgr Salai (Ward-23): Rs 2,200 per sq.ft (2024)
• Selvam Nagar Main Rd (Ward No.23): Rs 2,200 per sq.ft (2024)
• Selvam Nagar Extn Ethiraj St (Ward-23): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Selvam Nagar Extn Thiyagarajansalai (Ward-23)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selvam Nagar Extn Thiyagarajansalai (Ward-23)?

The Sub Registrar Office that covers Selvam Nagar Extn Thiyagarajansalai (Ward-23) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

When buying or selling property in Madhavaram, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which properties are registered, ensuring that the government receives appropriate revenue from property transactions.

It is essential to be aware that the guideline value may differ from the actual sale price. Therefore, buyers and sellers should consider both values, as the stamp duty is charged on the higher of the two, ensuring compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Selvam Nagar Extn Thiyagarajansalai (Ward-23)?

The current guideline value of Selvam Nagar Extn Thiyagarajansalai (Ward-23) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, which is a change of +64%.

What is the land classification for Selvam Nagar Extn Thiyagarajansalai (Ward-23)?

The land classification for Selvam Nagar Extn Thiyagarajansalai (Ward-23) is Residential Class I Type - I.

Which Sub Registrar Office covers this area?

The Madhavaram Sub Registrar Office covers Selvam Nagar Extn Thiyagarajansalai (Ward-23), located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.