Guideline Value for PIDARI SELLIAMMAN KOIL Street

PIDARI SELLIAMMAN KOIL Street guideline value

The current guideline value of PIDARI SELLIAMMAN KOIL Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, falling under the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of PIDARI SELLIAMMAN KOIL Street has changed

The guideline value for PIDARI SELLIAMMAN KOIL Street has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this value decreased to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 2,200 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%, followed by a 10% rise from 2023 to 2024. The 2012 to 2017 period saw a decrease of 33%, while the jump from 2007 to 2012 was substantial at 567%. Overall, from 2007 to 2024, the guideline value has increased by 633%. The register has no figures for this street in 2002 and 2003.

Guideline values in Nerkundram

Nerkundram has a total of 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making PIDARI SELLIAMMAN KOIL Street's 2024 figure equal to this median.

• Perumal Koil Street: Rs 1,650 per sq.ft (2024)
• Periyar High Road: Rs 5,500 per sq.ft (2024)
• Poonamalle High Road: Rs 5,500 per sq.ft (2024)
• Poonthamalli Road Mogappair Road: Rs 5,500 per sq.ft (2024)
• PEOPLE FLATS (P.H.Road): Rs 5,500 per sq.ft (2024)
• Patel Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in PIDARI SELLIAMMAN KOIL Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers PIDARI SELLIAMMAN KOIL Street?

The Sub Registrar Office that covers PIDARI SELLIAMMAN KOIL Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Nerkundram, the guideline value is a crucial factor for registration purposes. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guideline value ensures that the property is registered at a value that reflects the current market conditions as per the local regulations. This helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of PIDARI SELLIAMMAN KOIL Street?

The current guideline value of PIDARI SELLIAMMAN KOIL Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 633% over the years.

What are the stamp duty rates for property in this area?

The stamp duty for property transactions in this area is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for PIDARI SELLIAMMAN KOIL Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for PIDARI SELLIAMMAN KOIL Street?

The land classification for PIDARI SELLIAMMAN KOIL Street is Residential Class IV Type - I.