Guideline Value for SELVAPERUMAL PURAM KOIL STREET

Selvaperumal Puram Koil Street guideline value

The current guideline value of Selvaperumal Puram Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Selvaperumal Puram Koil Street has changed

The guideline value for Selvaperumal Puram Koil Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,100 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 264%. However, in the 2017 revision, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%. The value then increased to Rs 4,000 per sq.ft in the 2023 revision, and the most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a 10% increase.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. The guideline value for Selvaperumal Puram Koil Street is below this median.

• Semman Pettai: Rs 7,100 per sq.ft (2024)
• Semman Pettai 1st Street: Rs 7,100 per sq.ft (2024)
• Semman Pettai 2nd Street: Rs 7,100 per sq.ft (2024)
• Semman Pettai 3rd Street: Rs 7,100 per sq.ft (2024)
• Semman Pettai Main Street: Rs 7,100 per sq.ft (2024)
• Secretariat Colony Lane: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Selvaperumal Puram Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selvaperumal Puram Koil Street?

The Sub Registrar Office that covers Selvaperumal Puram Koil Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers make informed decisions during property transactions. It is essential to check the latest guideline value before proceeding with any property dealings to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Selvaperumal Puram Koil Street?

The current guideline value of Selvaperumal Puram Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 300% over this period.

What is the land classification for Selvaperumal Puram Koil Street?

The land classification for Selvaperumal Puram Koil Street is Residential Class IV Type - I, indicating its use for residential purposes.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 44,00,000 incurs a stamp duty of Rs 3,08,000 and a registration fee of Rs 88,000.

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

The Sub Registrar Office for Selvaperumal Puram Koil Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.