Guideline Value for Selliyamman Koil Street

Selliyamman Koil Street guideline value

The current guideline value of Selliyamman Koil Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam B village under the Sriperumpudur SRO, classified as 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 2017 revision, the value was set at Rs 134 per sq.ft. However, in the subsequent revisions, there has been a significant decrease. The 2023 revision maintained the value at Rs 100 per sq.ft, which was then carried over to the 2024 revision, resulting in a 0% change from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has decreased by 25%.

It is important to note that for the years 2002, 2003, 2007, and 2012, the register has no figure for Selliyamman Koil Street. Thus, the only revisions with recorded values are from 2017, 2023, and 2024.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Selliyamman Koil Street's 2024 figure below this median.

• Saraswathy Nagar: Rs 300 per sq.ft (2024)
• Santhu Street: Rs 300 per sq.ft (2024)
• Santhi Nagar: Rs 300 per sq.ft (2024)
• S&P The Crest: Rs 1,320 per sq.ft (2024)
• Sree Sayee Nagar: Rs 1,320 per sq.ft (2024)
• Sri Ram Nagar: Rs 500 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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, while the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Mevaloorkuppam B. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. The guideline value ensures that the transaction is recorded at a standard value recognized by the registration authorities.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Selliyamman Koil Street?

The current guideline value for Selliyamman Koil Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision of Rs 134 per sq.ft, the guideline value decreased to Rs 100 per sq.ft in both the 2023 and 2024 revisions, representing a 25% decrease overall from 2017 to 2024.

What are the other guideline values in Mevaloorkuppam B?

In Mevaloorkuppam B, guideline values range from Rs 100 to Rs 6,200 per sq.ft, with a median value of Rs 400 per sq.ft. Selliyamman Koil Street's value is below this median.

What are the stamp duty and registration fees for property in Selliyamman Koil Street?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 1,00,000, the total fees would amount to Rs 9,000.

Which office handles the registration for Selliyamman Koil Street?

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