Guideline Value for sree selva vignesh Nagar

sree selva vignesh Nagar guideline value

The current guideline value of sree selva vignesh Nagar in Eazhichur village is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Walajabad SRO and is classified as Residential Class I Type - III.

How the guideline value of sree selva vignesh Nagar has changed

Over the years, the guideline value for sree selva vignesh Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. The guideline value then increased significantly to Rs 300 per sq.ft in the 2023 revision, remaining at that figure in the 2024 revision, indicating no change from the previous year.

In summary, from 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 300 per sq.ft.

Guideline values in Eazhichur

In Eazhichur, there are 13 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 201 to Rs 3,650 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing sree selva vignesh Nagar below this median.

• Sri Sathya Sai Nagar Part-VII: Rs 400 per sq.ft (2024)
• Sri Sathya Sai Nagar Phase-II: Rs 400 per sq.ft (2024)
• Sri Sathya Sai Nagar Phase-III: Rs 400 per sq.ft (2024)
• Sri Sathya Sai Nahar Phase -I: Rs 400 per sq.ft (2024)
• Sri Vari Nagar: Rs 201 per sq.ft (2024)
• Unnamed Layout S.No :234/1: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in sree selva vignesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total of Rs 27,000 in fees. 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 on fees applicable to your property.

Which Sub Registrar Office covers sree selva vignesh Nagar?

The sree selva vignesh Nagar falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Eazhichur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of sree selva vignesh Nagar?

The current guideline value of sree selva vignesh Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 300 per sq.ft from 2012 to 2024, with a decrease to Rs 201 per sq.ft in 2017 and an increase back to Rs 300 per sq.ft in 2023.

What is the classification of sree selva vignesh Nagar?

sree selva vignesh Nagar is classified as Residential Class I Type - III under the Walajabad SRO.

Where can I find the registration office for sree selva vignesh Nagar?

The registration office for sree selva vignesh Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated in Eazhichur?

Stamp duty in Eazhichur is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.