Guideline Value for Selliamman koil street

Selliamman koil street guideline value

The current guideline value of Selliamman koil street in Poonthandalam village is Rs 330 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Selliamman koil street has changed

Over the years, the guideline value of Selliamman koil street has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 300 per sq.ft, and the most recent 2024 revision has set it at Rs 330 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, while from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 shows a slight increase of 10% in the guideline value.

Guideline values in Poonthandalam

Poonthandalam village features a range of guideline values across its streets. In 2024, the guideline values for the nine streets under the Tambaram Joint 1 SRO range from Rs 330 to Rs 550 per sq.ft, with the median value being Rs 330 per sq.ft. Selliamman koil street's 2024 figure matches this median.

• Sai Jothi Nagar: Rs 440 per sq.ft (2024)
• Pillayar koil street: Rs 330 per sq.ft (2024)
• Perumal koil street: Rs 330 per sq.ft (2024)
• Parathapper amman koil street: Rs 330 per sq.ft (2024)
• Gangaiamman koil street: Rs 330 per sq.ft (2024)
• Bajanai Koil Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Selliamman koil street

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. 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 koil street?

The Selliamman koil street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Poonthandalam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When you register a property, the guideline value is assessed to ensure that the transaction reflects the current market conditions. The fees are calculated based on this value, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Selliamman koil street?

The current guideline value of Selliamman koil street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification for Selliamman koil street?

Selliamman koil street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for a property in Selliamman koil street?

For a 1,000 sq.ft plot at the guideline value of Rs 330 per sq.ft, the total guideline value is Rs 3,30,000. The stamp duty would be Rs 23,100, and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which office handles the registration for Selliamman koil street?

The registration for Selliamman koil street is handled by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.