Guideline Value for Selliamman Koil street

Selliamman Koil street guideline value

The current guideline value of Selliamman Koil street in Sundaracholavaram village is Rs 660 per sq.ft, effective from 1 July 2024. This street falls under the Kunrathur SRO and is classified as Residential Class I Type - III.

How the guideline value of Selliamman Koil street has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This figure decreased to Rs 402 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, representing a rise of 49%. The current revision in 2024 shows a further increase to Rs 660 per sq.ft, which is a 10% increase from the previous year.

There are no guideline value figures available for the years 2002, 2003, and 2007 for Selliamman Koil street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sundaracholavaram

In Sundaracholavaram, there are 57 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,600 per sq.ft. The median guideline value is Rs 660 per sq.ft, which is the same as that of Selliamman Koil street.

• Selliamman Nagar: Rs 550 per sq.ft (2024)
• Sakthivel Nagar Extension: Rs 660 per sq.ft (2024)
• Sakthivel Nagar: Rs 660 per sq.ft (2024)
• Sakthi Nagar Extension: Rs 660 per sq.ft (2024)
• Sakthi Nagar Annuxe: Rs 660 per sq.ft (2024)
• Sakthi Nagar: Rs 660 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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, resulting in a total of Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Sundaracholavaram. It serves as a benchmark for determining the minimum value at which a property can be registered.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Selliamman Koil street?

The current guideline value of Selliamman Koil street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the median guideline value in Sundaracholavaram?

The median guideline value in Sundaracholavaram is Rs 660 per sq.ft, which is the same as the current value for Selliamman Koil street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles registrations for Selliamman Koil street?

The Kunrathur Sub Registrar Office handles registrations for Selliamman Koil street, located at No.59, Road Street, Kundrathur, Chennai -600 069.