Guideline Value for SELLIAMMAN NAGAR

Selliamman Nagar guideline value

The current guideline value of Selliamman Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Anupampattu village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Selliamman Nagar has changed

Over the years, the guideline value for Selliamman Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. However, from 2017 to the 2023 revision, there was a significant increase of 49%, bringing the value back to Rs 300 per sq.ft. The 2024 revision has maintained this figure, showing a 0% change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Selliamman Nagar. Overall, from 2012 to 2024, the guideline value has remained stable with an overall change of 0%.

Guideline values in Anupampattu

In Anupampattu, there are 42 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft, with the median being Rs 300 per sq.ft. Selliamman Nagar's 2024 figure aligns with this median.

• Semmozhi Nagar: Rs 300 per sq.ft (2024)
• Semmozhi Nagar -IV: Rs 300 per sq.ft (2024)
• Sevaliar Sivaji Nagar: Rs 400 per sq.ft (2024)
• Sai Nagar: Rs 300 per sq.ft (2024)
• Sri Amman Nagar: Rs 300 per sq.ft (2024)
• R.M.P Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Selliamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, making a total of Rs 27,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For a detailed calculation, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selliamman Nagar?

The Sub Registrar Office that covers Selliamman Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Anupampattu. It is used to determine the stamp duty and registration fees that need to be paid when a property transaction occurs. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements.

When a property is bought or sold, the guideline value is referenced to calculate the applicable fees. It is essential to consult the latest figures to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Selliamman Nagar?

The current guideline value of Selliamman Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 300 per sq.ft. Notably, there was a 49% increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification of Selliamman Nagar?

Selliamman Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles all registrations for properties in the area.

How is stamp duty calculated in Selliamman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.