Guideline Value for Selliamman Nagar Extention

Selliamman Nagar Extention guideline value

The current guideline value of Selliamman Nagar Extention is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in 5. Athipattu village under the Konnur SRO, with a land classification of Residential Class I Type - II.

How the guideline value of Selliamman Nagar Extention has changed

The guideline value for Selliamman Nagar Extention has seen significant changes over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in 2023. The latest revision in 2024 raised it further to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, showcasing a substantial rise in the guideline value over that period.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the guideline value for Selliamman Nagar Extention.

• Selliamman Nagar: Rs 2,200 per sq.ft (2024)
• Seethamma Street: Rs 1,600 per sq.ft (2024)
• Seenivasa Nagar: Rs 1,300 per sq.ft (2024)
• Seenivasa Colony: Rs 1,300 per sq.ft (2024)
• Sindhunathi Salai(ICF): Rs 2,400 per sq.ft (2024)
• Sai Nager: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Selliamman Nagar Extention

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total Rs 1,98,000. Please note that 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 Extention?

The Sub Registrar Office that covers Selliamman Nagar Extention is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial figure used during the registration of property transactions in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered to ensure that the transaction is compliant with local regulations. Buyers and sellers must be aware of this value to accurately assess the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Selliamman Nagar Extention?

The current guideline value of Selliamman Nagar Extention is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations in Selliamman Nagar Extention?

The Konnur Sub Registrar Office handles property registrations for Selliamman Nagar Extention, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the applicable stamp duty and registration fees when buying or selling property. It is essential for compliance with local regulations during property transactions.