Guideline Value for TAMILSELVI NAGAR

Tamilselvi Nagar guideline value

The current guideline value of Tamilselvi Nagar is Rs 2,900 per sq.ft, effective from 1 July 2024. This area is located in Chitthalapakkam village, under the Selaiyur SRO, and is classified as Industries Type - I.

How the guideline value of Tamilselvi Nagar has changed

The guideline value for Tamilselvi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which was a decrease of 33% from the previous figure of Rs 1,809 per sq.ft in 2017. The 2023 revision increased the value to Rs 2,700 per sq.ft, and the latest 2024 revision raised it to Rs 2,900 per sq.ft, marking a 7% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,900 per sq.ft, which matches the current value for Tamilselvi Nagar.

• Tamilnadu Housing Board (L.I.G & H.I.G): Rs 3,300 per sq.ft (2024)
• TAMIL NADU HOUSING BOARD (E.W.S A Type & B Type): Rs 2,700 per sq.ft (2024)
• Thaumanavar Street: Rs 2,700 per sq.ft (2024)
• The Breeze By Jones: Rs 3,350 per sq.ft (2024)
• Thendral Nagar: Rs 2,100 per sq.ft (2024)
• Thirukkural Street: Rs 1,950 per sq.ft (2024)

Stamp duty and registration fee for property in Tamilselvi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value is Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, bringing the total to Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Tamilselvi Nagar?

The Sub Registrar Office that covers Tamilselvi Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor when buying or selling property in Chitthalapakkam. It serves as the basis for calculating the stamp duty and registration fees that are required during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the government. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Tamilselvi Nagar?

The current guideline value of Tamilselvi Nagar is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2023 to Rs 2,900 per sq.ft in 2024, reflecting a 7% increase. It was Rs 1,809 per sq.ft in 2017 and Rs 2,700 per sq.ft in 2012.

What is the land classification for Tamilselvi Nagar?

Tamilselvi Nagar is classified as Industries Type - I, indicating its suitability for industrial purposes.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Tamilselvi Nagar?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 29,00,000 would incur a stamp duty of Rs 2,03,000 at 7%.