Guideline Value for Selli Amman Nagar

Selli Amman Nagar guideline value

The current guideline value of Selli Amman Nagar is Rs 1,003 per sq.ft, effective from 1 July 2024. This locality is situated in Vadaperumbakkam village, under the Redhills SRO, with a land classification of Residential Class I Type - I.

How the guideline value of Selli Amman Nagar has changed

The guideline value for Selli Amman Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 52 per sq.ft. This figure increased dramatically to Rs 500 per sq.ft in 2007, marking a rise of 862%. The value then rose to Rs 800 per sq.ft in 2012, an increase of 60%. However, the guideline value decreased to Rs 536 per sq.ft in 2017, reflecting a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 1,003 per sq.ft, which is an increase of 87% from 2017.

It is important to note that there are no figures available for the years 2023 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1829%.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO that have a guideline value for 2024, ranging from Rs 1,000 to Rs 1,300 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, which matches the current figure for Selli Amman Nagar.

• Sarathi Nagar: Rs 1,006 per sq.ft (2024)
• Saraswathi Nagar: Rs 1,006 per sq.ft (2024)
• Sarabeshwara Nagar: Rs 1,004 per sq.ft (2024)
• Sangeetha Nagar: Rs 1,006 per sq.ft (2024)
• Samuvel Nagar Part-II: Rs 1,003 per sq.ft (2024)
• Samuel Nagar Part-I: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Selli Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,003 per sq.ft, the total guideline value would be Rs 10,03,000. The stamp duty at 7% would be Rs 70,210, and the registration fee at 2% would be Rs 20,060, making the total cost for these fees Rs 90,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selli Amman Nagar?

The Sub Registrar Office that covers Selli Amman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Vadaperumbakkam, as it determines the minimum value at which a property can be registered. This value is used by the registration authorities to calculate the stamp duty and registration fees applicable to the transaction.

When a buyer and seller agree on a sale price, the registration process will consider the guideline value or the sale price, whichever is higher, to ensure that the proper fees are collected. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Selli Amman Nagar?

The current guideline value of Selli Amman Nagar is Rs 1,003 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 52 per sq.ft in 2003 to Rs 1,003 per sq.ft in 2024, marking a total increase of 1829% over this period.

What is the stamp duty rate for property in Selli Amman Nagar?

The stamp duty rate for property in Selli Amman Nagar is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registration in Selli Amman Nagar?

The Redhills Sub Registrar Office handles property registration for Selli Amman Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

Are there other streets with guideline values in Vadaperumbakkam?

Yes, there are 77 streets in Vadaperumbakkam with guideline values for 2024. These values range from Rs 1,000 to Rs 1,300 per sq.ft.