Guideline Value for Selvaraj Street

Selvaraj Street guideline value

The current guideline value of Selvaraj Street in Zaminpallavaram village is Rs 2,100 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class IV Type - I.

How the guideline value of Selvaraj Street has changed

Over the years, the guideline value of Selvaraj Street has seen several revisions. In 2003, the value was Rs 271 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007, marking a change of +121%. The value then surged to Rs 2,000 per sq.ft in 2012, reflecting an increase of +233%. However, it decreased to Rs 1,340 per sq.ft in 2017, a decline of -33%. The most recent revision in 2024 set the value at Rs 2,100 per sq.ft, an increase of +57% from the previous figure.

It is worth noting that there are no figures available for the revisions in 2023 and 2002 for Selvaraj Street. Overall, from 2003 to 2024, the guideline value has increased by +675%.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Selvaraj Street's 2024 value below this median.

• Senthamizh Nagar: Rs 2,100 per sq.ft (2024)
• SENTHIL Nagar: Rs 2,160 per sq.ft (2024)
• School Street: Rs 3,300 per sq.ft (2024)
• Shanmuga Nagar: Rs 2,750 per sq.ft (2024)
• Sathyamurthy Street: Rs 2,160 per sq.ft (2024)
• Shanthi Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Selvaraj Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty, charged at 7%, would be Rs 1,47,000, and the registration fee, at 2%, would be Rs 42,000. Together, the total cost for stamp duty and registration would be Rs 1,89,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selvaraj Street?

The Sub Registrar Office that covers Selvaraj Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value is set by the Registration Department and is revised periodically based on market conditions.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Selvaraj Street?

The current guideline value of Selvaraj Street is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 271 per sq.ft in 2003 to Rs 2,100 per sq.ft in 2024, reflecting an overall increase of +675% over this period.

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

The Sub Registrar Office for Selvaraj Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

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

For a property valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000, and the registration fee would be Rs 42,000, totaling Rs 1,89,000.

What is the median guideline value for streets in Zaminpallavaram?

The median guideline value for streets in Zaminpallavaram is Rs 3,300 per sq.ft, with Selvaraj Street's value below this median.