Guideline Value for SELLI AMMAN KOIL STREET (a) SELLI AMMAN CAR STREET

SELLI AMMAN KOIL STREET (a) SELLI AMMAN CAR STREET guideline value

The current guideline value for SELLI AMMAN KOIL STREET (a) SELLI AMMAN CAR STREET is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village and falls under the Madurandakam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of SELLI AMMAN KOIL STREET (a) SELLI AMMAN CAR STREET has changed

The guideline value for SELLI AMMAN KOIL STREET has undergone several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 300% rise. However, this value saw a decrease to Rs 670 per sq.ft in 2017, a decline of 33%. The guideline value then rose to Rs 1,000 per sq.ft in 2023, followed by a further increase to Rs 1,110 per sq.ft in the 2024 revision, which is an 11% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 344%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,480 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing SELLI AMMAN KOIL STREET (a) SELLI AMMAN CAR STREET above that median.

• SELVAVINAYAGAR KOIL STREET (a) VANNIA PILLAYAR KOIL STREET: Rs 1,110 per sq.ft (2024)
• Sdk Avenue Phase II: Rs 660 per sq.ft (2024)
• Sdk Avenue Phase- I: Rs 660 per sq.ft (2024)
• Sathanoor Old Street: Rs 660 per sq.ft (2024)
• Sathanoor New Street: Rs 660 per sq.ft (2024)
• Sathanoor Mariamman Koil Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in SELLI AMMAN KOIL STREET (a) SELLI AMMAN CAR STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total fees together to Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SELLI AMMAN KOIL STREET (a) SELLI AMMAN CAR STREET?

The Sub Registrar Office that covers SELLI AMMAN KOIL STREET (a) SELLI AMMAN CAR STREET is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Mathuranthagam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the expected value of the property based on current market conditions. It is essential to refer to the latest guideline value to determine the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value for SELLI AMMAN KOIL STREET?

The current guideline value for SELLI AMMAN KOIL STREET (a) SELLI AMMAN CAR STREET is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, reflecting an overall increase of 344% over this period.

What is the land classification for SELLI AMMAN KOIL STREET?

SELLI AMMAN KOIL STREET (a) SELLI AMMAN CAR STREET is classified as Residential Special Type - I.

What is the stamp duty rate for property transactions?

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

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

The Sub Registrar Office covering SELLI AMMAN KOIL STREET (a) SELLI AMMAN CAR STREET is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.