Guideline Value for Selliamman Koil Street

Selliamman Koil Street guideline value

The current guideline value of Selliamman Koil Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village under the Thirukazhukundram SRO, classified as Residential Class III Type - I.

How the guideline value of Selliamman Koil Street has changed

The guideline value for Selliamman Koil Street has remained consistent at Rs 700 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to that, the 2017 revision recorded a guideline value of Rs 469 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure.

There are no recorded figures for Selliamman Koil Street in the revisions from 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. Selliamman Koil Street's 2024 figure of Rs 700 per sq.ft is above the median.

• Sayakkara Street: Rs 600 per sq.ft (2024)
• Sasthiru Street: Rs 600 per sq.ft (2024)
• Sannathi Street: Rs 1,250 per sq.ft (2024)
• Sangumettu Street: Rs 300 per sq.ft (2024)
• Sangukulam West Street: Rs 600 per sq.ft (2024)
• Sangukulam Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Selliamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total charges Rs 63,000. It is important to note that the 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 Selliamman Koil Street?

The Sub Registrar Office that covers Selliamman Koil Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a key factor in property transactions within Thirukalukundrem A, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the sale price meets or exceeds the guideline value to avoid any complications. This ensures compliance with local regulations and helps in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value of Selliamman Koil Street?

The current guideline value of Selliamman Koil Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024. It increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Selliamman Koil Street?

Selliamman Koil Street is classified as Residential Class III Type - I, indicating its designation for residential purposes within the area.

What are the guideline values for other streets in Thirukalukundrem A?

Other streets in Thirukalukundrem A have varying guideline values, with rates ranging from Rs 300 to Rs 1,344 per sq.ft. Selliamman Koil Street's value of Rs 700 per sq.ft is above the median of Rs 600 per sq.ft for the area.

Where is the Sub Registrar Office for Selliamman Koil Street located?

The Sub Registrar Office for Selliamman Koil Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.