Guideline Value for Selliamman Kovil Street

Selliamman Kovil Street guideline value

The current guideline value of Selliamman Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Selvazhimagalam village, under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Selliamman Kovil Street has changed

The guideline value for Selliamman Kovil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision saw a significant increase of 49% from the previous figure of Rs 134 per sq.ft in 2017. The guideline value remained at Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen no increase, remaining at Rs 200 per sq.ft.

Guideline values in Selvazhimagalam

In Selvazhimagalam, there are 11 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 126 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which is the same as the current guideline value for Selliamman Kovil Street.

• Pillaiyar Kovil Street: Rs 200 per sq.ft (2024)
• Mantheivelli Street: Rs 200 per sq.ft (2024)
• Kullakkarai Street: Rs 126 per sq.ft (2024)
• Kodi Street: Rs 200 per sq.ft (2024)
• Jambodai Street: Rs 300 per sq.ft (2024)
• Jambodai Kurukku Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Selliamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selliamman Kovil Street?

The Sub Registrar Office that covers Selliamman Kovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Selvazhimagalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Selliamman Kovil Street?

The current guideline value of Selliamman Kovil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft in the 2012, 2023, and 2024 revisions. It increased from Rs 134 per sq.ft in 2017, marking a 49% rise from the previous figure.

What are the other streets in Selvazhimagalam with their guideline values?

In Selvazhimagalam, other streets include Pillaiyar Kovil Street, Mantheivelli Street, Kullakkarai Street, Kodi Street, Jambodai Street, and Jambodai Kurukku Street, with values ranging from Rs 126 to Rs 300 per sq.ft.

How is stamp duty calculated for property in Selliamman Kovil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.

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

The Sub Registrar Office for Selliamman Kovil Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.