Guideline Value for Selliamman Koil Street

Selliamman Koil Street guideline value

The current guideline value of Selliamman Koil Street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, and the land classification is Mixed Special Type - II.

How the guideline value of Selliamman Koil Street has changed

The guideline value for Selliamman Koil Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,273 per sq.ft, which increased to Rs 1,900 per sq.ft in 2023. This marked a significant change of 49%. The latest revision in 2024 raised the guideline value to Rs 2,090 per sq.ft, reflecting a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, making Selliamman Koil Street's 2024 figure of Rs 2,090 per sq.ft above that median.

• Sekkizhar Street: Rs 1,430 per sq.ft (2024)
• Sekkizhar Nagar: Rs 1,430 per sq.ft (2024)
• Selvaraman swamy Koil Street: Rs 1,430 per sq.ft (2024)
• Sembarambakkam Erikarai Salai: Rs 1,430 per sq.ft (2024)
• Serasa Urbane: Rs 3,070 per sq.ft (2024)
• Seven Hills Nagar: Rs 1,430 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 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. It is important to note that the 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 more information.

Which Sub Registrar Office covers Selliamman Koil Street?

The Sub Registrar Office that covers Selliamman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when registering property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum value at which properties can be sold or registered, ensuring that the government receives the appropriate stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Selliamman Koil Street?

The current guideline value of Selliamman Koil Street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,273 per sq.ft in 2017 to Rs 1,900 per sq.ft in 2023, and then to Rs 2,090 per sq.ft in 2024, reflecting a total increase of 64% from 2017 to 2024.

What is the land classification of Selliamman Koil Street?

The land classification of Selliamman Koil Street is Mixed Special Type - II.

Where can I find the registration office for Selliamman Koil Street?

The registration office for Selliamman Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Selliamman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 20,90,000, the stamp duty would be Rs 1,46,300 at 7%.