Guideline Value for Selliyamman Koil Street

Selliyamman Koil Street guideline value

The current guideline value of Selliyamman Koil Street in Vaipoor village is Rs 250 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Selliyamman Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 250 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, marking a decrease of 33%. The value then increased significantly by 50% in the 2023 revision, returning to Rs 250 per sq.ft, which was consistent with the 2012 figure. The 2024 revision has maintained this rate at Rs 250 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for Selliyamman Koil Street for the years 2002, 2003, and 2007. Therefore, the only revisions available for this street are from 2012, 2017, 2023, and 2024.

Guideline values in Vaipoor

In Vaipoor village, there are nine streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 300 per sq.ft. The median value for these streets is Rs 250 per sq.ft, making Selliyamman Koil Street's 2024 figure equal to that median.

• Ragallamman Kovil Street: Rs 250 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 250 per sq.ft (2024)
• Perumal Kovil Street: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 250 per sq.ft (2024)
• Mariamman Kovil Street: Rs 250 per sq.ft (2024)
• Mahakavi Bharathiyar Nagar Stage I & II: Rs 300 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 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further details, 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Vaipoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that both buyers and sellers adhere to a standardized valuation.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which must be paid at the time of registration. This ensures that the transaction is officially recognized and legally binding.

Frequently asked questions

What is the current guideline value of Selliyamman Koil Street?

The current guideline value of Selliyamman Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease to Rs 167 per sq.ft in 2017, followed by a return to Rs 250 per sq.ft in 2023 and remaining the same in 2024. The overall change from 2012 to 2024 is 0%.

What is the land classification for Selliyamman Koil Street?

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

Where can I find information about stamp duty and registration fees?

Information about stamp duty and registration fees can be found through the stamp duty and registration fee calculator.

Which office handles registrations for Selliyamman Koil Street?

The Sunguvarchattram Sub Registrar Office handles registrations for Selliyamman Koil Street, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.