Guideline Value for Eista Sithi Vinayakar Koil Street

Eista Sithi Vinayakar Koil Street guideline value

The current guideline value of Eista Sithi Vinayakar Koil Street is Rs 850 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class V Type - I.

How the guideline value of Eista Sithi Vinayakar Koil Street has changed

Over the years, the guideline value for Eista Sithi Vinayakar Koil Street has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which was then decreased to Rs 536 per sq.ft in the 2017 revision. However, the value rebounded to Rs 800 per sq.ft in the 2023 revision before reaching the current figure of Rs 850 per sq.ft in 2024, marking a 6% increase from the previous year.

From the 2017 revision to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 6%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Eista Sithi Vinayakar Koil Street's 2024 guideline value is below this median.

• Elangovan Street: Rs 3,300 per sq.ft (2024)
• Elumalai Nayakakar Street: Rs 1,600 per sq.ft (2024)
• Elumalai Street: Rs 2,200 per sq.ft (2024)
• Erikkarai Street: Rs 2,900 per sq.ft (2024)
• Erikkarai Vinayagar Puram: Rs 1,600 per sq.ft (2024)
• Eswaran Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Eista Sithi Vinayakar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 850 per sq.ft, the guideline value amounts to Rs 8,50,000. The stamp duty at 7% would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, totaling Rs 76,500. Please note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Eista Sithi Vinayakar Koil Street?

The Sub Registrar Office that covers Eista Sithi Vinayakar Koil Street 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 more details.

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

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

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Eista Sithi Vinayakar Koil Street?

The current guideline value of Eista Sithi Vinayakar Koil Street is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 850 per sq.ft in 2024.

What is the land classification for Eista Sithi Vinayakar Koil Street?

Eista Sithi Vinayakar Koil Street is classified as Residential Class V Type - I.

Where can I find the Sub Registrar Office for Eista Sithi Vinayakar Koil Street?

The Selaiyur Sub Registrar Office covers Eista Sithi Vinayakar Koil Street and is located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for property in Selaiyur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,50,000, the stamp duty at 7% would be Rs 59,500.