Guideline Value for Selvaraj Nagar Extn-IV

Selvaraj Nagar Extn-IV guideline value

The current guideline value of Selvaraj Nagar Extn-IV is Rs 1,500 per sq.ft, as per the 2023 revision. This area is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - II.

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

The guideline value for Selvaraj Nagar Extn-IV has undergone several revisions over the years. In the 2007 revision, the guideline value was set at Rs 335 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 1,500 per sq.ft, marking an increase of 348%. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 has reinstated the guideline value to Rs 1,500 per sq.ft, representing an increase of 49% from the 2017 figure. Notably, there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. However, Selvaraj Nagar Extn-IV is part of the broader Urapakkam area, which is covered by the Gooduvancheri SRO.

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

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, charged at 7%, would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, these fees would total Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selvaraj Nagar Extn-IV?

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

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

When buying or selling property in Urapakkam, the guideline value plays a crucial role during the registration process. The guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the official rates set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial obligations during the transaction. Accurate knowledge of this value can help in understanding the overall costs involved in property transactions.

Frequently asked questions

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

The current guideline value of Selvaraj Nagar Extn-IV 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 335 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 finally returned to Rs 1,500 per sq.ft in 2023.

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

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 15,00,000, the stamp duty at 7% would amount to Rs 1,05,000.

Are there any other streets in Urapakkam with guideline values?

No specific other streets in Urapakkam have been provided with guideline values in the current context. Selvaraj Nagar Extn-IV is the primary focus for this information.