Guideline Value for Sellli amman Koil 1st Street

Sellli amman Koil 1st Street guideline value

The current guideline value of Sellli amman Koil 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village, under the Tambaram Joint 1 SRO, classified as Residential Special Type - III.

How the guideline value of Sellli amman Koil 1st Street has changed

Over the years, the guideline value of Sellli amman Koil 1st Street has seen several revisions. The 2012 revision recorded a value of Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. This marked a decline of 33%. Subsequently, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and then rose again to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the current 2024 figure, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Sellli amman Koil 1st Street's 2024 figure above this median.

• Senganiamman Koil Street: Rs 2,530 per sq.ft (2024)
• Sentamizh Sethu Pillai Street: Rs 2,530 per sq.ft (2024)
• Senthil Murugan Street: Rs 2,530 per sq.ft (2024)
• Service Road(Maduravayul ByPass): Rs 1,650 per sq.ft (2024)
• Sathya Sayee Street: Rs 2,200 per sq.ft (2024)
• Sathiya Sai Nagar Main Road 3: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Sellli amman Koil 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Please 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 Sellli amman Koil 1st Street?

The Sub Registrar Office that covers Sellli amman Koil 1st Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Irumpuliyur. It serves as a benchmark for the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value helps determine the taxes payable to the government. Buyers and sellers should be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sellli amman Koil 1st Street?

The current guideline value of Sellli amman Koil 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for Sellli amman Koil 1st Street?

Sellli amman Koil 1st Street is classified as Residential Special Type - III, indicating its designated use for residential purposes.

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

The stamp duty is calculated at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a total fee of Rs 2,97,000.

Where can I find the Sub Registrar Office for this street?

The Tambaram Joint 1 Sub Registrar Office covers Sellli amman Koil 1st Street, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone.