Guideline Value for Immanuel Street

Immanuel Street guideline value

The current guideline value of Immanuel Street is Rs 950 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 IV Type - II.

How the guideline value of Immanuel Street has changed

The guideline value for Immanuel Street has undergone several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased to Rs 900 per sq.ft in 2012. However, this was followed by a decrease to Rs 603 per sq.ft in 2017. The subsequent years saw a significant increase, with the 2023 revision raising the value to Rs 900 per sq.ft, and the latest revision in 2024 bringing it to Rs 950 per sq.ft, reflecting a 6% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 58%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with a 2024 guideline value range from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Immanuel Street's 2024 figure below this median.

• Indian Bank Colony 1st Street: Rs 1,600 per sq.ft (2024)
• I.A.F Road Sakthi Avenue: Rs 4,400 per sq.ft (2024)
• I.A.F Road Arunachalam Street: Rs 4,400 per sq.ft (2024)
• I.A.F Road: Rs 4,400 per sq.ft (2024)
• Indira Nagar: Rs 1,900 per sq.ft (2024)
• Housing Board Quarters: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Immanuel Street

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, resulting in a total of Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Immanuel Street?

The Sub Registrar Office that covers Immanuel 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 information.

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

When buying or selling property in Selaiyur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the Registration Department and is used as a benchmark for property transactions in the area.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The registration process requires the payment of stamp duty based on this value, ensuring that all parties are compliant with local regulations.

Frequently asked questions

What is the current guideline value of Immanuel Street?

The current guideline value of Immanuel Street is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, reflecting an overall increase of 58% over the years.

What are the stamp duty and registration fees for Immanuel Street?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 66,500 and the registration fee would be Rs 19,000, totaling Rs 85,500 based on the current guideline value.

Where is the Selaiyur Sub Registrar Office located?

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

What is the land classification of Immanuel Street?

Immanuel Street is classified as Residential Class IV Type - II, indicating its use for residential purposes.