Guideline Value

Corporate

Guideline Value for SELLIAMMAN NAGAR

₹250/sq.ft.

The guideline value for Selliamman Nagar in Anupampattu_2 village (Ponneri SRO, Chennai zone) is Rs 250 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a -17% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Anupampattu_2

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Selliamman Nagar

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Selliamman Nagar guideline value

The current guideline value of Selliamman Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Anupampattu_2 village under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Selliamman Nagar has changed

The guideline value for Selliamman Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in the 2023 revision. However, the most recent revision in 2024 has decreased the guideline value to Rs 250 per sq.ft, marking a 17% decline from the previous year. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 24%. The significant jump from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023 reflects a 49% increase, but the subsequent drop in 2024 has adjusted the value back to Rs 250 per sq.ft.

Guideline values in Anupampattu_2

In Anupampattu_2, there are 35 streets under the Ponneri SRO that have a guideline value for 2024 ranging from Rs 250 to Rs 500 per sq.ft, with the median being Rs 250 per sq.ft. Selliamman Nagar's 2024 guideline value aligns with this median.

Stamp duty and registration fee for property in Selliamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, while the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. 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 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_2

The guideline value is a crucial factor in property transactions, as it determines the minimum price at which a property can be registered. When buying or selling property in Anupampattu_2, the guideline value helps in calculating the applicable stamp duty and registration fees, ensuring that all parties are aware of the financial obligations involved in the transaction.

During the registration process, the guideline value serves as a benchmark for the official valuation of the property. This ensures transparency and compliance with local regulations, as the registration fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Selliamman Nagar?

The current guideline value of Selliamman Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then decreased to Rs 250 per sq.ft in 2024.

What is the land classification for Selliamman Nagar?

Selliamman Nagar is classified as Residential Class II Type - I.

Where is the Sub Registrar Office for Selliamman Nagar located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 250 per sq.ft, the total guideline value is Rs 2,50,000, leading to specific fees based on that amount.