Use (change) event instead of (ngModelChange).
<select class="select-option"
#mySelect
(change)='onOptionsSelected(mySelect.value)'>
<option class="option"
*ngFor="let option of dropDownData"
[value]="option.seo_val">{{option.text_val}}</option>
</select>
In typescript file:
onOptionsSelected(value:string){
console.log("the selected value is " + value);
}