Guideline Value for Selliyamman Koil Street

Selliyamman Koil Street guideline value

The current guideline value of Selliyamman Koil Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam B village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Selliyamman Koil Street has changed

The guideline value for Selliyamman Koil Street has seen several revisions over the years. The most recent revisions show that the value was Rs 300 per sq.ft in both 2023 and 2024, indicating no change between these two years. Prior to this, in 2017, the guideline value was Rs 201 per sq.ft, reflecting a significant increase of 49% to reach the 2023 figure.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value increased by 49%, maintaining a consistent rate since the 2023 revision.

Guideline values in Katrampakkam B

In Katrampakkam B, there are 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, placing Selliyamman Koil Street above this median with its current value of Rs 300 per sq.ft.

• Sathiya Sai Nagar: Rs 250 per sq.ft (2024)
• Sifea Nagar: Rs 250 per sq.ft (2024)
• Royal Homes: Rs 400 per sq.ft (2024)
• Sri Bangaru Kamachi Amman Nagar: Rs 250 per sq.ft (2024)
• Sri Eswara Nagar: Rs 400 per sq.ft (2024)
• Ram Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Selliyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total of Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Selliyamman Koil Street?

The Sub Registrar Office that covers Selliyamman Koil Street 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 Katrampakkam B

The guideline value is a crucial factor in the property registration process in Katrampakkam B. It determines the minimum value at which properties must be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It is essential for ensuring transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Selliyamman Koil Street?

The current guideline value of Selliyamman Koil Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 201 per sq.ft in 2017 to 2023.

What is the land classification for Selliyamman Koil Street?

Selliyamman Koil Street is classified as Residential Class II Type - I, indicating its designation for residential purposes.

What are the guideline values of other streets in Katrampakkam B?

Other streets in Katrampakkam B have varying guideline values, with rates ranging from Rs 150 to Rs 800 per sq.ft. The median value is Rs 275 per sq.ft, while Selliyamman Koil Street is valued above this median at Rs 300 per sq.ft.

Where can I find the Sub Registrar Office for Selliyamman Koil Street?

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