Guideline Value for Selliyamman Koil Street

Selliyamman Koil Street guideline value

The current guideline value of Selliyamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, classified as Residential Class III 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 2007 revision set the value at Rs 250 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, there was a decrease to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value rose to Rs 1,800 per sq.ft in 2023 and then to the current Rs 1,980 per sq.ft in 2024, marking a 10% increase from the previous year.

In summary, the changes between revisions show an overall increase of 692% from the 2007 revision to the 2024 revision. The 2012 to 2017 period saw a decrease of 33%, while the 2017 to 2023 period experienced a substantial increase of 49%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value of Selliyamman Koil Street is below this median.

• Sekar Theru: Rs 2,310 per sq.ft (2024)
• Sekar Apartments: Rs 2,310 per sq.ft (2024)
• Selva Vinayakar Koli Street: Rs 2,640 per sq.ft (2024)
• Secretariate Colony: Rs 1,650 per sq.ft (2024)
• Senthil Nagar: Rs 2,310 per sq.ft (2024)
• School Street: Rs 1,650 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, resulting in a total of Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information 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 covering Selliyamman Koil Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Perungalathur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the guideline value is accurately reflected in the documentation to avoid any legal issues. This value helps maintain transparency in property transactions and ensures that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Selliyamman Koil Street?

The current guideline value of Selliyamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 250 per sq.ft to Rs 1,980 per sq.ft in 2024, marking an overall increase of 692% across the revisions.

What are the registration fees for properties on Selliyamman Koil Street?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations for Selliyamman Koil Street?

The Padappai Sub Registrar Office is responsible for property registrations in Selliyamman Koil Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai.

What is the land classification for Selliyamman Koil Street?

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