Guideline Value for SELLIAMMAN KOIL STREET (WARD -17)

Selliamman Koil Street (Ward -17) guideline value

The current guideline value of Selliamman Koil Street (Ward -17) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Selliamman Koil Street (Ward -17) has changed

The guideline value for Selliamman Koil Street has seen several revisions over the years. The earliest recorded revision is from 2012, when the guideline value was Rs 500 per sq.ft. In 2017, it decreased to Rs 335 per sq.ft, marking a decline of 33%. The value then increased to Rs 500 per sq.ft in 2023, followed by a rise to Rs 550 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the revisions in 2002, 2003, and 2007.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft as of 2024. The median guideline value in this area is Rs 1,100 per sq.ft, which means that the guideline value of Selliamman Koil Street is below this median.

• Seikizhar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Seevaga Chinthamani Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Seethalai Sathanar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Seerapuranam Street (N): Rs 1,320 per sq.ft (2024)
• Senavarayar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Senguthambi Pavalar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Selliamman Koil Street (Ward -17)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selliamman Koil Street (Ward -17)?

The Sub Registrar Office that covers Selliamman Koil Street (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process of property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transfer of ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Selliamman Koil Street (Ward -17)?

The current guideline value of Selliamman Koil Street (Ward -17) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification of Selliamman Koil Street?

Selliamman Koil Street is classified as Residential Class II Type - I. This classification is important for determining the appropriate uses of the land.

Where can I find the Sub Registrar Office for Selliamman Koil Street?

The Sub Registrar Office for Selliamman Koil Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 550 per sq.ft would incur a total stamp duty and registration fee of Rs 49,500.