Guideline Value for Seliyur Kulakari Street Ext

Seliyur Kulakari Street Ext guideline value

The current guideline value for Seliyur Kulakari Street Ext is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village and falls under the Selaiyur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Seliyur Kulakari Street Ext has changed

The guideline value for Seliyur Kulakari Street Ext has undergone several revisions over the years. Starting from the 2012 revision, the value was Rs 1,300 per sq.ft. It then decreased to Rs 871 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,300 per sq.ft in 2023, and finally, it rose to Rs 1,400 per sq.ft in the 2024 revision.

In terms of percentage changes, there was a decrease of 33% from 2012 to 2017. However, the value increased by 49% from 2017 to 2023, and then by 8% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Selaiyur

In Selaiyur, there are a total of 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, indicating that the 2024 figure for Seliyur Kulakari Street Ext is below the median.

• Seliyur Eswari Nagar Ext: Rs 2,400 per sq.ft (2024)
• Seliyur & Rajakilpakam Ganesh Nagar Main Road: Rs 2,400 per sq.ft (2024)
• Selaiyur Hall: Rs 1,600 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 Seliyur Kulakari Street Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Seliyur Kulakari Street Ext?

The Sub Registrar Office that covers Seliyur Kulakari Street Ext 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Selaiyur. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Seliyur Kulakari Street Ext?

The current guideline value of Seliyur Kulakari Street Ext is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,400 per sq.ft in 2024.

What is the land classification for Seliyur Kulakari Street Ext?

The land classification for Seliyur Kulakari Street Ext is Residential Class III Type - I.

Where can I find the Selaiyur Sub Registrar Office?

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

How is stamp duty calculated for properties in Seliyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 14,00,000, leading to a stamp duty of Rs 98,000.