Guideline Value for Selliamman Nagar 5th Street

Selliamman Nagar 5th Street guideline value

The current guideline value of Selliamman Nagar 5th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of Selliamman Nagar 5th Street has changed

Over the years, the guideline value of Selliamman Nagar 5th Street has experienced several revisions. The earliest recorded figure is from 2007, where the value was Rs 1,000 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, the value then dropped to Rs 2,010 per sq.ft in 2017, which is a decrease of 33%. The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, reflecting a substantial increase of 64% from the previous revision in 2017.

It is important to note that there are no figures available for the revisions in 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 that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Selliamman Nagar 5th Street is equal to this median.

• Selliamman Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Selliamman Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Selliamman Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Selliamman Nagar Extension: Rs 3,300 per sq.ft (2024)
• Selliamman Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Selliamman Nagar 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Selliamman Nagar 5th Street

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

Which Sub Registrar Office covers Selliamman Nagar 5th Street?

The Sub Registrar Office that covers Selliamman Nagar 5th 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 plays a crucial role during the registration process when buying or selling property in Kolathur. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value is taken into account to ensure that the transaction is registered at a value that reflects the established rates. This helps in maintaining transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Selliamman Nagar 5th Street?

The current guideline value of Selliamman Nagar 5th 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 significantly from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 230% over the years.

What are the stamp duty rates for properties in Selliamman Nagar 5th Street?

The stamp duty for properties in Selliamman Nagar 5th Street is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for Selliamman Nagar 5th Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, is responsible for the registration of properties in Selliamman Nagar 5th Street.

How many streets in Kolathur have a guideline value?

There are 879 streets in Kolathur under the Sembiam SRO that carry a guideline value, with rates ranging from Rs 2,200 to Rs 6,000 per sq.ft.