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 660 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

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

Over the years, the guideline value of Selliamman Koil Street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 600 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 660 per sq.ft, marking a 10% rise from the previous year.

It is important to note that the register has no figures for Selliamman Koil Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values for 2024 ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Selliamman Koil Street's 2024 figure below that median.

• Seikizhar Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Seevaga Chinthamani Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Seethalai Sathanar Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Seerapuranam Street (N): Rs 1,321 per sq.ft (2024)
• Senavarayar Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Senguthambi Pavalar Street (Ward -7): Rs 1,321 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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total charges to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office covering Selliamman Koil Street (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Ninna Karai

The guideline value is a crucial factor when buying or selling property in Ninna Karai. It serves as a reference point for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both parties are aware of the financial obligations involved in the sale.

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 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with the most recent increase being 10% from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 10% increase.

What is the land classification for Selliamman Koil Street?

The land classification for Selliamman Koil Street (Ward -17) is Residential Class I Type - III.

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

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

How is the stamp duty calculated for property in Selliamman Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 660 per sq.ft would incur a stamp duty of Rs 46,200.