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 Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this area is 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 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, and then further to Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that the 2024 figure for 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, leading to a total cost of Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

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 Sattamangalam

The guideline value plays a crucial role in property transactions in Sattamangalam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The amount calculated based on the guideline value ensures that the government receives the appropriate revenue from property transactions.

When a buyer or seller engages in a transaction, the guideline value is referenced to establish a baseline for the property's worth. This helps in maintaining transparency and fairness in property dealings, ensuring that all parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Selliamman Koil Street?

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 for Selliamman Koil Street?

Selliamman Koil Street is classified as Residential Class II Type - I. This classification is important for understanding the types of properties that can be developed in this area.

What are the other streets in Sattamangalam with their guideline values?

Other streets in Sattamangalam include Seikizhar Street, Seevaga Chinthamani Street, Seethalai Sathanar Street, Seerapuranam Street, Senavarayar Street, and Senguthambi Pavalar Street, all of which have a guideline value of Rs 1,320 per sq.ft in 2024.

Where is the Sub Registrar Office for Selliamman Koil Street located?

The Sub Registrar Office for Selliamman Koil Street (Ward -17) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.