Guideline Value for Selvaganapathi Koil Street

Selvaganapathi Koil Street guideline value

The current guideline value of Selvaganapathi Koil Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village under the Alandur Sub Registrar Office (SRO), and it falls under the Residential Class II Type - I land classification.

How the guideline value of Selvaganapathi Koil Street has changed

The guideline value for Selvaganapathi Koil Street has seen several revisions over the years. In 2002, the value was Rs 221 per sq.ft, which increased to Rs 248 per sq.ft in 2003, marking a 12% rise. The value then saw a significant increase of 303% to Rs 1,000 per sq.ft in 2007. Following this, the value rose by 150% to Rs 2,500 per sq.ft in 2012. However, there was a decrease of 33% in 2017, bringing the value down to Rs 1,675 per sq.ft. The value then increased by 49% to Rs 2,500 per sq.ft in 2023, and most recently, it has risen by 12% to the current value of Rs 2,800 per sq.ft in 2024.

There are no registered figures for the years between 2002 and 2003, 2012 and 2017, and 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 1167%.

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. The median value for these streets is Rs 2,800 per sq.ft, which is equal to the current guideline value of Selvaganapathi Koil Street.

• Selvaganapathi Koil Street North: Rs 2,800 per sq.ft (2024)
• Selvaganapathi Koil Street South: 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

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. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Selvaganapathi Koil Street?

The Sub Registrar Office that covers Selvaganapathi Koil Street 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 details.

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

The guideline value is a crucial factor when buying or selling property in Ullagaram, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When a buyer approaches the registration office, the guideline value is checked to ensure that the transaction complies with the legal requirements. This ensures transparency in property dealings and helps in maintaining a standard valuation across different properties in the region.

Frequently asked questions

What is the current guideline value of Selvaganapathi Koil Street?

The current guideline value of Selvaganapathi Koil Street 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 seen several revisions, starting from Rs 221 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1167% over this period.

What is the land classification of Selvaganapathi Koil Street?

Selvaganapathi Koil Street falls under the Residential Class II Type - I land classification.

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

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Where is the Sub Registrar Office for Selvaganapathi Koil Street located?

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