Guideline Value for Selvaraj Nagar

Selvaraj Nagar guideline value

The current guideline value of Selvaraj Nagar 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 Selvaraj Nagar is Residential Special Type - II.

How the guideline value of Selvaraj Nagar has changed

Over the years, the guideline value of Selvaraj Nagar has seen several revisions. The earliest recorded value was Rs 400 per sq.ft in 2007. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a rise of 275%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The most recent revision in 2023 set the guideline value back to Rs 1,500 per sq.ft, reflecting an increase of 49% from the previous figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street. Overall, from 2007 to 2023, the guideline value has increased by 275%.

Guideline values in Urapakkam

Currently, there are no specific village figures provided for Urapakkam. Selvaraj Nagar is one of the areas under the Gooduvancheri SRO. Unfortunately, there are no other streets in Urapakkam listed with their respective guideline values.

Stamp duty and registration fee for property in Selvaraj Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the 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, bringing the total to Rs 1,35,000. It is important to note that the 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 further calculations.

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, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when buying or selling property in Urapakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. 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?

The current guideline value of Selvaraj Nagar 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 400 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.

Is there a guideline value for 2024?

No, the register does not have a figure for the guideline value of Selvaraj Nagar for the year 2024.

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

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?

The Gooduvancheri Sub Registrar Office handles registrations for Selvaraj Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.