Guideline Value for Selliamman Koil Street

Selliamman Koil Street guideline value

The current guideline value of Selliamman Koil Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Thirumudivakkam village under the Padappai SRO, classified as Residential Class I Type - I.

How the guideline value of Selliamman Koil Street has changed

Selliamman Koil Street has undergone several revisions in its guideline value over the years. The earliest recorded figure is from 2017, where the value was Rs 536 per sq.ft. This increased to Rs 800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value further increase to Rs 880 per sq.ft, reflecting a change of 10% from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Selliamman Koil Street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thirumudivakkam

In Thirumudivakkam, there are 56 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 660 to Rs 3,860 per sq.ft. The median guideline value in this village is Rs 1,320 per sq.ft, indicating that Selliamman Koil Street's 2024 figure is below this median.

• Sekkizhar Nagar: Rs 1,320 per sq.ft (2024)
• Satheesh Nagar: Rs 660 per sq.ft (2024)
• Shridi Sai Baba Nagar: Rs 880 per sq.ft (2024)
• Saranya Nagar: Rs 1,320 per sq.ft (2024)
• Sidco Industrial Area: Rs 1,320 per sq.ft (2024)
• Sai Nagar: Rs 880 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 rate of Rs 880 per sq.ft, the guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or 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 Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thirumudivakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

During the registration process, the guideline value is used to calculate applicable stamp duties and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Selliamman Koil Street?

The current guideline value of Selliamman Koil Street is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 880 per sq.ft in 2024, representing a total increase of 64% over this period.

What is the median guideline value in Thirumudivakkam?

The median guideline value in Thirumudivakkam is Rs 1,320 per sq.ft, which is higher than the current value of Selliamman Koil Street.

What are the registration fees for property transactions in Selliamman Koil Street?

The registration fees for property transactions in Selliamman Koil Street include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registrations for Selliamman Koil Street?

The Padappai Sub Registrar Office handles property registrations for Selliamman Koil Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.