Guideline Value for Selvavinayaga Koil Street

Selvavinayaga Koil Street guideline value

The current guideline value of Selvavinayaga Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Selvavinayaga Koil Street has changed

Over the years, the guideline value for Selvavinayaga Koil Street has seen several revisions. The earliest recorded revision is from 2012, where the guideline value was Rs 1,500 per sq.ft. This was followed by a significant drop in 2017, bringing the value down to Rs 1,005 per sq.ft. However, from 2017 to 2023, the value increased substantially to Rs 1,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Selvavinayaga Koil Street's 2024 value below this median.

• Senbagammal Street: Rs 1,900 per sq.ft (2024)
• Sengalvarayan Street: Rs 1,800 per sq.ft (2024)
• Seetharaman Street: Rs 1,600 per sq.ft (2024)
• Seethakathi Street: Rs 1,600 per sq.ft (2024)
• Seenivasa Nagar: Rs 1,100 per sq.ft (2024)
• Sathya Street(Ram Nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Selvavinayaga Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Selvavinayaga Koil Street?

The Selvavinayaga Koil Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties and fees, ensuring that the transaction is recorded accurately in the official register. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Selvavinayaga Koil Street?

The current guideline value of Selvavinayaga Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 1,500 per sq.ft in 2012, dropping to Rs 1,005 per sq.ft in 2017, and then rising to Rs 1,500 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 1,600 per sq.ft.

What is the land classification for Selvavinayaga Koil Street?

Selvavinayaga Koil Street is classified as Residential Class II Type - I under the current guidelines.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles the registration for this street?

The Ambattur Sub Registrar Office handles the registration for Selvavinayaga Koil Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.