Guideline Value for Selaiyur Hall

Selaiyur Hall guideline value

The current guideline value for Selaiyur Hall, located in Selaiyur village under the Selaiyur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - II land classification.

How the guideline value of Selaiyur Hall has changed

The guideline value for Selaiyur Hall has undergone several revisions over the years. The earliest recorded value was Rs 450 per sq.ft in 2007. This figure saw a significant increase to Rs 1,500 per sq.ft in 2012, marking a 233% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, which was a 33% drop. The value further increased to Rs 1,500 per sq.ft in 2023 and has now risen to Rs 1,600 per sq.ft in 2024, reflecting a 7% increase.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 256%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Selaiyur Hall is below this median.

• Seliyur Eswari Nagar Ext: Rs 2,400 per sq.ft (2024)
• Seliyur Kulakari Street Ext: Rs 1,400 per sq.ft (2024)
• Seliyur & Rajakilpakam Ganesh Nagar Main Road: Rs 2,400 per sq.ft (2024)
• Sekar Avenue: Rs 2,750 per sq.ft (2024)
• Selvam Nagar: Rs 950 per sq.ft (2024)
• Secratoriyam Colony: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Selaiyur Hall

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total cost to Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Selaiyur Hall?

The Sub Registrar Office that covers Selaiyur Hall is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware that the guideline value can influence the overall cost of the property transaction.

During the registration process, the guideline value helps ensure that the property is valued appropriately for taxation purposes. It is essential for both parties to understand how this value impacts their financial obligations when completing a property transaction.

Frequently asked questions

What is the current guideline value of Selaiyur Hall?

The current guideline value of Selaiyur Hall is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, marking an overall increase of 256% over this period.

What is the land classification for Selaiyur Hall?

Selaiyur Hall is classified under Residential Class II Type - II.

Where can I find the Sub Registrar Office for Selaiyur Hall?

The Sub Registrar Office for Selaiyur Hall is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

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, for a property valued at Rs 16,00,000, the total stamp duty and registration fees would amount to Rs 1,44,000.