Guideline Value for Selvaganapathi Koil Street South

Selvaganapathi Koil Street South guideline value

The current guideline value of Selvaganapathi Koil Street South is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Selvaganapathi Koil Street South has changed

The guideline value for Selvaganapathi Koil Street South has undergone several revisions over the years. In 2002, the guideline value was Rs 221 per sq.ft, which increased to Rs 248 per sq.ft in 2003, marking a change of +12%. The value saw a significant rise to Rs 1,000 per sq.ft in 2007, an increase of +303%. In 2012, the value was Rs 2,500 per sq.ft, reflecting a +150% change from the previous revision. However, in 2017, it decreased to Rs 1,675 per sq.ft, showing a decline of -33%. The value then rose to Rs 2,500 per sq.ft in 2023, followed by the current figure of Rs 2,800 per sq.ft in 2024, which is an increase of +12%.

Overall, from 2002 to 2024, the guideline value has increased by +1167%. There are no figures available for revisions in the years not mentioned in the register for this street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 2,800 per sq.ft. The guideline value for Selvaganapathi Koil Street South aligns with this median.

• Selvaganapathi Koil Street North: Rs 2,800 per sq.ft (2024)
• Selvaganapathi Koil Street: Rs 2,800 per sq.ft (2024)
• Seenivasa Street: Rs 3,900 per sq.ft (2024)
• Sengazhani Amman Street: Rs 2,200 per sq.ft (2024)
• Sathiyanarayana Street: Rs 3,900 per sq.ft (2024)
• S I S I Colony: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Selvaganapathi Koil Street South

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selvaganapathi Koil Street South?

The Sub Registrar Office that covers Selvaganapathi Koil Street South is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Ullagaram. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the authorities will assess the property based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Selvaganapathi Koil Street South?

The current guideline value of Selvaganapathi Koil Street South is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 221 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of +1167% over the years.

What are the stamp duty and registration fees for properties here?

The stamp duty is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would be Rs 2,52,000.

Which Sub Registrar Office covers this area?

The Alandur Sub Registrar Office covers Selvaganapathi Koil Street South, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Selvaganapathi Koil Street South?

Selvaganapathi Koil Street South is classified as Residential Class II Type - I, according to the guidelines set by the authorities.