Guideline Value for Selliyamman Koil Street

Selliyamman Koil Street guideline value

The current guideline value of Selliyamman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class IV 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. In the 2012 revision, the value was set at Rs 200 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, marking a drop of 33%. The 2023 revision saw a further decline to Rs 100 per sq.ft, which was a 25% decrease from the previous figure. However, in the latest 2024 revision, the guideline value increased significantly to Rs 200 per sq.ft, reflecting a 100% rise from the 2023 figure. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 200 per sq.ft. This indicates that while there were fluctuations in the intervening years, the current value has reverted to the level established in 2012.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft. The median guideline value in this area is Rs 400 per sq.ft, making the guideline value of Selliyamman Koil Street below the median.

• Saraswathy Nagar: Rs 300 per sq.ft (2024)
• Santhi Nagar: Rs 300 per sq.ft (2024)
• Sree Sayee Nagar: Rs 900 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)
• Rainbow Nagar: Rs 200 per sq.ft (2024)
• Raghavendra Nagar: Rs 900 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, 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 Mevaloorkuppam

The guideline value plays a crucial role in the registration process of property transactions in Mevaloorkuppam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the total cost of the transaction. Accurate knowledge of these values can help in planning the financial aspects of property dealings in the area.

Frequently asked questions

What is the current guideline value of Selliyamman Koil Street?

The current guideline value of Selliyamman Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 100 per sq.ft in 2023 to Rs 200 per sq.ft in 2024. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What is the land classification for Selliyamman Koil Street?

Selliyamman Koil Street is classified as Residential Class IV Type - I. This classification is essential for understanding the zoning and permissible uses of the land.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would be Rs 18,000.

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. This office handles the registration of property transactions in the area.