Guideline Value for Selvaraj Nagar

Selvaraj Nagar guideline value

The current guideline value for Selvaraj Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This locality is situated in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Selvaraj Nagar has changed

The guideline value for Selvaraj Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 58 per sq.ft, which increased significantly to Rs 328 per sq.ft in 2007, marking a change of +466%. The value then rose to Rs 1,000 per sq.ft in 2012, reflecting a substantial increase of +205%. However, it decreased to Rs 670 per sq.ft in 2017, a drop of -33%. The 2023 revision maintained the value at Rs 1,000 per sq.ft, showing no change from the previous year. The most recent revision in 2024 also holds the value at Rs 1,000 per sq.ft, indicating a consistent rate over the last two years.

It is important to note that there is no figure for Selvaraj Nagar in the 2003 revision. Overall, from 2002 to 2024, the guideline value has increased by +1624%, showcasing significant changes over the years.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Selvaraj Nagar's 2024 figure is below this median.

• Selva Vinayagar Nagar: Rs 1,200 per sq.ft (2024)
• Sengazhi Amman Kovil Street: Rs 1,000 per sq.ft (2024)
• Senthil Nagar: Rs 3,500 per sq.ft (2024)
• School Street: Rs 1,200 per sq.ft (2024)
• Sathya Sai Nagar: Rs 1,200 per sq.ft (2024)
• Sheela Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Selvaraj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selvaraj Nagar?

The Sub Registrar Office that covers Selvaraj Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, 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 Nandhivaram

The guideline value plays a crucial role in the registration process of property transactions in Nandhivaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, as these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Selvaraj Nagar?

The current guideline value of Selvaraj Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 58 per sq.ft in 2002 to Rs 1,000 per sq.ft in 2024, marking an overall increase of +1624% over the years.

What are the other streets in Nandhivaram with their guideline values?

Other streets in Nandhivaram include Selva Vinayagar Nagar at Rs 1,200 per sq.ft, Sengazhi Amman Kovil Street at Rs 1,000 per sq.ft, and Senthil Nagar at Rs 3,500 per sq.ft, among others.

What fees are associated with buying property in Selvaraj Nagar?

When purchasing property in Selvaraj Nagar, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Selvaraj Nagar?

The Gooduvancheri Sub Registrar Office covers Selvaraj Nagar, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone.