Guideline Value for Selvaraj Nagar Extn-VI

Selvaraj Nagar Extn-VI guideline value

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

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

The guideline value of Selvaraj Nagar Extn-VI has seen several revisions over the years. In the 2007 revision, the value was Rs 390 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a remarkable rise of 285%. 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 saw the guideline value return to Rs 1,500 per sq.ft, resulting in an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 285%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Urapakkam

Selvaraj Nagar Extn-VI is part of Urapakkam, which is governed by the Gooduvancheri SRO. Unfortunately, there are no specific village figures available. The following are the other streets in Urapakkam:

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total cost for these fees 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.

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

Which Sub Registrar Office covers Selvaraj Nagar Extn-VI?

Selvaraj Nagar Extn-VI falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-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

The guideline value is a crucial factor when registering property in Urapakkam. It serves as a benchmark for determining the stamp duty and registration fees that are payable at the time of property transaction. The guideline value ensures that the fees are calculated based on a standardized value, which helps in maintaining transparency in property transactions.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This process helps to ensure that the property is registered at a value that reflects its market standing.

Frequently asked questions

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

The current guideline value of Selvaraj Nagar Extn-VI 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 significantly from Rs 390 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 returned to Rs 1,500 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Selvaraj Nagar Extn-VI?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles registrations for Selvaraj Nagar Extn-VI?

The Gooduvancheri Sub Registrar Office handles registrations for Selvaraj Nagar Extn-VI, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.

Are there other streets in Urapakkam with guideline values?

There are no specific guideline values provided for other streets in Urapakkam in the information available.