Guideline Value for Selvam Nagar

Selvam Nagar guideline value

The current guideline value of Selvam Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Kunduperumpedu village, under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Selvam Nagar has changed

The guideline value for Selvam Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 250 per sq.ft. This remained unchanged until the 2017 revision when it decreased to Rs 167 per sq.ft, reflecting a -33% change. However, the value rebounded in the 2023 revision back to Rs 250 per sq.ft, marking a 50% increase from the 2017 figure. The 2024 revision has kept the guideline value at Rs 250 per sq.ft, showing no change from the previous year.

The register does not contain figures for the years 2002, 2003, and 2007 for this street. Thus, the only revisions noted are from 2012, 2017, 2023, and 2024.

Guideline values in Kunduperumpedu

Kunduperumpedu village has a total of 35 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Selvam Nagar's 2024 figure above this median.

• Shriradi Sai Nagar: Rs 300 per sq.ft (2024)
• Sky city: Rs 200 per sq.ft (2024)
• Sai Krishna Garden: Rs 200 per sq.ft (2024)
• Sri Isvaryam Garden: Rs 300 per sq.ft (2024)
• Sri Moogambikai Nagar: Rs 250 per sq.ft (2024)
• Sri Padmanaba Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Selvam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, resulting in a total of Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Selvam Nagar?

The Sub Registrar Office that covers Selvam Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Kunduperumpedu. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees.

During the registration process, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Selvam Nagar?

The current guideline value of Selvam Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Selvam Nagar has varied, with the most recent revisions being Rs 250 per sq.ft in 2012, 2017, and 2023, and Rs 250 per sq.ft in 2024, showing no change from the previous year.

What is the classification of land in Selvam Nagar?

Selvam Nagar is classified as Residential Class I Type - I under the guideline value register.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles registrations for Selvam Nagar?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles registrations for Selvam Nagar.