Guideline Value for Selvavinayagar Kovil Street

Selvavinayagar Kovil Street guideline value

The current guideline value of Selvavinayagar Kovil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Thiruvancheri village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Selvavinayagar Kovil Street has changed

The guideline value for Selvavinayagar Kovil Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 1,980 per sq.ft, marking a significant increase of 32% from the previous year and an overall increase of 97% from 2017.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from Rs 1,005 in 2017 to Rs 1,980 in 2024 reflects a change of 97% over the seven-year period.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median value is Rs 1,980 per sq.ft, which is the same as the current guideline value for Selvavinayagar Kovil Street.

• Serasa Pride Phase - 2: Rs 3,850 per sq.ft (2024)
• Serasa Pride Phase - III: Rs 3,850 per sq.ft (2024)
• Serenity Paradise: Rs 3,850 per sq.ft (2024)
• Sathiyamoorthy Nagar: Rs 1,980 per sq.ft (2024)
• Sathish Avenue Phase I: Rs 2,530 per sq.ft (2024)
• Siva Shanmuga Pillai Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Selvavinayagar Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selvavinayagar Kovil Street?

The Sub Registrar Office that covers Selvavinayagar Kovil 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 information.

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

The guideline value is a crucial factor when registering property transactions in Thiruvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of Selvavinayagar Kovil Street?

The current guideline value of Selvavinayagar Kovil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,005 to Rs 1,980 per sq.ft in 2024, representing an overall increase of 97% over this period.

What is the land classification for Selvavinayagar Kovil Street?

Selvavinayagar Kovil Street is classified as Residential Class I Type - I.

Where is the Pallavaram Sub Registrar Office located?

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

How is stamp duty calculated for properties in Selvavinayagar Kovil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600.