Guideline Value for Selliamman Nagar

Selliamman Nagar guideline value

The current guideline value of Selliamman Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Somangalam_B village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Selliamman Nagar has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This figure remained unchanged in the subsequent 2023 revision, which also recorded Rs 400 per sq.ft. The latest revision in 2024 has kept the guideline value at Rs 400 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%. Overall, the change from the 2017 revision to the 2024 revision is also a 49% increase, reflecting a consistent value over the last two revisions.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Selliamman Nagar's 2024 guideline value above this median.

• Sengunthar street: Rs 250 per sq.ft (2024)
• Santhi Nagar: Rs 500 per sq.ft (2024)
• Sivam Nagar: Rs 200 per sq.ft (2024)
• Sky Avenue: Rs 150 per sq.ft (2024)
• Somangalam Main Road: Rs 500 per sq.ft (2024)
• Sri Amman Garden: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Selliamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selliamman Nagar?

The Sub Registrar Office that covers Selliamman Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Somangalam_B. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable fees. Buyers and sellers should be aware that the registration office will consider the guideline value or the sale price, whichever is higher, to assess the necessary charges.

Frequently asked questions

What is the current guideline value of Selliamman Nagar?

The current guideline value of Selliamman Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 268 per sq.ft in 2017 to 2023.

What is the land classification for Selliamman Nagar?

Selliamman Nagar is classified as Residential Special Type - I under the guideline value register.

Where can I find the Sub Registrar Office for Selliamman Nagar?

The Sub Registrar Office for Selliamman Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Selliamman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at 7%.