Guideline Value for Sellammal Nagar

Sellammal Nagar guideline value

The current guideline value of Sellammal Nagar is Rs 401 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village, under the Uthiramerur Sub Registrar Office (SRO). The land classification for this street is Residential Special Type - II.

How the guideline value of Sellammal Nagar has changed

The guideline value for Sellammal Nagar has undergone several revisions over the years. The 2007 revision set the value at Rs 50 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012, marking a remarkable rise of 700%. However, the value then decreased to Rs 268 per sq.ft in 2017, reflecting a drop of 33%. In 2023, the value was Rs 400 per sq.ft, and it remained unchanged at Rs 401 per sq.ft in the 2024 revision, indicating a 0% change from the previous year. 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 702%. The most notable change was between 2017 and 2023, where the value rose by 49%. This history of revisions illustrates the fluctuations in the guideline value over time.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 1,800 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing Sellammal Nagar's 2024 figure below that median.

• Sengundha Pillaiyar Koil Strreet: Rs 1,200 per sq.ft (2024)
• Saththani vaishthaival Street: Rs 1,000 per sq.ft (2024)
• Sathakkam Street: Rs 900 per sq.ft (2024)
• Sathakkam Melandai Street: Rs 900 per sq.ft (2024)
• Sathakkam Kizhandai Street: Rs 900 per sq.ft (2024)
• Sappani Goundar street: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sellammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value would be Rs 4,01,000. The stamp duty at 7% would amount to Rs 28,070, and the registration fee at 2% would be Rs 8,020, totaling Rs 36,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sellammal Nagar?

The Sub Registrar Office covering Sellammal Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is transparent and reflects the official value of the property.

Frequently asked questions

What is the current guideline value of Sellammal Nagar?

The current guideline value of Sellammal Nagar is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 50 per sq.ft in 2007 to Rs 401 per sq.ft in 2024, marking an overall increase of 702% since 2007.

What is the land classification for Sellammal Nagar?

The land classification for Sellammal Nagar is Residential Special Type - II, which indicates the type of development allowed in the area.

Where can I find the Uthiramerur Sub Registrar Office?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sellammal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 4,01,000, the stamp duty at 7% would amount to Rs 28,070.