Guideline Value for Arulmigu selliamman kovil street

Arulmigu selliamman kovil street guideline value

The current guideline value for Arulmigu Selliamman Kovil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in 111. Alapakkam village under the Salavakkam SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Arulmigu selliamman kovil street has changed

In the 2012 revision, the guideline value was set at Rs 65 per sq.ft. This increased to Rs 44 per sq.ft in the 2017 revision, marking a decrease of 32%. However, from 2017 to 2023, the value rose significantly to Rs 100 per sq.ft, an increase of 127%. The 2023 revision maintained the value at Rs 100 per sq.ft, with no change into 2024.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 54%.

Guideline values in 111. Alapakkam

In 111. Alapakkam, there are five streets under the Salavakkam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 102 per sq.ft. The median guideline value for these streets is Rs 100 per sq.ft, which is equal to the 2024 figure for Arulmigu Selliamman Kovil Street.

• Arulmigu sundaravaratha perumalkovil street north side: Rs 100 per sq.ft (2024)
• Arulmigu sundaravaratha perumalkovil street south side: Rs 100 per sq.ft (2024)
• Padappai street: Rs 101 per sq.ft (2024)
• Zion Nagar: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in Arulmigu selliamman kovil street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, resulting in a total of Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arulmigu selliamman kovil street?

The Sub Registrar Office that covers Arulmigu Selliamman Kovil Street is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 111. Alapakkam

The guideline value is an essential factor in the registration of property transactions in 111. Alapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions adhere to the established rates.

When buying or selling property, the guideline value helps determine the official value of the property for legal and taxation purposes. It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Arulmigu selliamman kovil street?

The current guideline value of Arulmigu Selliamman Kovil Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 65 per sq.ft in 2012 to Rs 100 per sq.ft in 2023 and 2024. The most significant increase occurred between 2017 and 2023, where it rose by 127%.

Which Sub Registrar Office covers this street?

The Salavakkam Sub Registrar Office covers Arulmigu Selliamman Kovil Street. It is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

What are the stamp duty and registration fees for properties here?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 9,000 in fees based on the current guideline value.

Are there other streets with similar guideline values in 111. Alapakkam?

Yes, there are several other streets in 111. Alapakkam with guideline values ranging from Rs 100 to Rs 102 per sq.ft. The median value for these streets is Rs 100 per sq.ft, which is the same as the guideline value for Arulmigu Selliamman Kovil Street.