Guideline Value for Selvaraj Nagar Extn-II

Selvaraj Nagar Extn-II guideline value

The current guideline value of Selvaraj Nagar Extn-II is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Selvaraj Nagar Extn-II has changed

Over the years, the guideline value for Selvaraj Nagar Extn-II has experienced several revisions. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, this value remained unchanged in the 2012 to 2017 period, where it dropped to Rs 1,005 per sq.ft. The most recent revision in 2023 saw a substantial increase to Rs 1,500 per sq.ft again.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Notably, the overall change from the 2007 revision to the 2023 revision reflects a 150% increase. It is important to mention that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. The Selvaraj Nagar Extn-II guideline value sits at Rs 1,500 per sq.ft. Below are the other streets in Urapakkam:

Stamp duty and registration fee for property in Selvaraj Nagar Extn-II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is essential to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selvaraj Nagar Extn-II?

The Selvaraj Nagar Extn-II area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Urapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the negotiated sale price.

When a property is registered, the higher amount between the guideline value and the sale price is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Selvaraj Nagar Extn-II?

The current guideline value of Selvaraj Nagar Extn-II is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and increased back to Rs 1,500 per sq.ft in 2023.

What is the registration office for Selvaraj Nagar Extn-II?

The registration office for Selvaraj Nagar Extn-II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

How is stamp duty calculated in Selvaraj Nagar Extn-II?

Stamp duty is calculated based on the higher amount between the guideline value and the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,05,000.

Are there any other streets in Urapakkam with guideline values?

Currently, there are no other streets in Urapakkam listed with guideline values. The only figure mentioned is for Selvaraj Nagar Extn-II.