Guideline Value for SELLI AMMAN AVENUE

Selli Amman Avenue guideline value

The current guideline value of Selli Amman Avenue is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Kannivakkam village under the Thiruporur SRO and is classified as Residential Special Type - II.

How the guideline value of Selli Amman Avenue has changed

In the 2023 revision, the guideline value for Selli Amman Avenue was Rs 1,800 per sq.ft. The 2024 revision also maintains this value at Rs 1,800 per sq.ft, indicating no change of 0% between these two revisions. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the guideline value has remained consistent at Rs 1,800 per sq.ft from 2023 to 2024, with no available figures for the earlier years mentioned.

Guideline values in Kannivakkam

In Kannivakkam village, there are 32 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,389 per sq.ft. The median guideline value for these streets is Rs 1,050 per sq.ft, placing Selli Amman Avenue's 2024 figure above this median.

• Shanmuga Nagar: Rs 1,493 per sq.ft (2024)
• Sarathy Nagar Phase-I, Phase-II: Rs 900 per sq.ft (2024)
• Saraswathi Avenue: Rs 900 per sq.ft (2024)
• Sanjai Nagar Phase - I: Rs 1,600 per sq.ft (2024)
• Sakthi Nagar: Rs 500 per sq.ft (2024)
• Sai Enclave: Rs 1,493 per sq.ft (2024)

Stamp duty and registration fee for property in Selli Amman Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, while the registration fee at 2% would be Rs 36,000, bringing the total to Rs 1,62,000. 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 Selli Amman Avenue?

The Sub Registrar Office that covers Selli Amman Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kannivakkam. It is used to determine the stamp duty and registration fees payable at the time of registration, ensuring that these fees are calculated based on the officially recognized value of the property.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the total cost involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Selli Amman Avenue?

The current guideline value of Selli Amman Avenue is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,800 per sq.ft from 2023 to 2024, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Selli Amman Avenue?

Selli Amman Avenue is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Selli Amman Avenue?

The Sub Registrar Office for Selli Amman Avenue is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Selli Amman Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property, the total guideline value would be Rs 18,00,000, leading to a stamp duty of Rs 1,26,000.