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 Pennaloor village under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Selliyamman Koil Street has changed

Over the years, the guideline value for Selliyamman Koil Street has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. However, from 2017 to 2023, the value increased by 49% back to Rs 100 per sq.ft. The 2024 revision has kept this value the same at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Selliyamman Koil Street. Overall, comparing the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 100 per sq.ft.

Guideline values in Pennaloor

In Pennaloor, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,200 per sq.ft, with a median value of Rs 200 per sq.ft. Selliyamman Koil Street's 2024 figure is below this median.

• Sathya Prabhu Nagar: Rs 200 per sq.ft (2024)
• Sathyamurthy Street: Rs 100 per sq.ft (2024)
• Ramanjuar Nagar: Rs 500 per sq.ft (2024)
• Prasanthi Nagar - III: Rs 500 per sq.ft (2024)
• Prasanthi Nagar - II: Rs 500 per sq.ft (2024)
• Prasanthi Nagar - I: 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 rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important 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 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 Pennaloor

The guideline value is a crucial factor in the registration of property transactions in Pennaloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the state receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Selliyamman Koil Street?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since 2012, with a decrease to Rs 67 per sq.ft in 2017, followed by an increase back to Rs 100 per sq.ft in 2023 and 2024.

What are the other streets in Pennaloor and their guideline values?

Other streets in Pennaloor include Sathya Prabhu Nagar at Rs 200 per sq.ft, Sathyamurthy Street at Rs 100 per sq.ft, and several streets in Prasanthi Nagar at Rs 500 per sq.ft.

What is the stamp duty rate for properties in Selliyamman Koil Street?

The stamp duty rate for properties in Selliyamman Koil Street is 7%, calculated on the higher of the guideline value or the sale price.

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

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