Guideline Value for Selliamman Nagar 4th Street

Selliamman Nagar 4th Street guideline value

The current guideline value of Selliamman Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO and is classified as Residential Class I Type - I.

How the guideline value of Selliamman Nagar 4th Street has changed

The guideline value for Selliamman Nagar 4th Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a significant increase of 200%. However, this value dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, representing a 64% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which aligns with the 2024 figure for Selliamman Nagar 4th Street.

• Selliamman Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Selliamman Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Selliamman Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Selliamman Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Selliamman Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Selliamman Nagar Extension: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Selliamman Nagar 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selliamman Nagar 4th Street?

The Sub Registrar Office covering Selliamman Nagar 4th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kolathur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buyers and sellers engage in a transaction, the guideline value helps establish a minimum price for the property. This ensures transparency and fairness in the registration process, as all parties are aware of the value set by the government.

Frequently asked questions

What is the current guideline value of Selliamman Nagar 4th Street?

The current guideline value of Selliamman Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the land classification for Selliamman Nagar 4th Street?

Selliamman Nagar 4th Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the other streets in Kolathur with the same guideline value?

Other streets in Kolathur with the same 2024 guideline value of Rs 3,300 per sq.ft include Selliamman Nagar 1st, 2nd, 3rd, 5th, 6th Streets, and Selliamman Nagar Extension.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles registrations for properties in the area.