Guideline Value for Selvaperumal Street

Selvaperumal Street guideline value

The current guideline value of Selvaperumal Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Selvaperumal Street has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This represents a 10% increase to the current value of Rs 2,200 per sq.ft in the 2024 revision. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Comparing the revisions, the guideline value increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking a significant change over the twelve-year period.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Selvaperumal Street is below this median.

• Selva Perumal Koil Street: Rs 2,700 per sq.ft (2024)
• Selvaperumal 2nd Street: Rs 2,200 per sq.ft (2024)
• Selvaperumal 1st Street: Rs 2,200 per sq.ft (2024)
• Selvaraj Street: Rs 2,700 per sq.ft (2024)
• Selvaraj Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Selva Vinayagar Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Selvaperumal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Selvaperumal Street?

The Madhavaram Sub Registrar Office covers Selvaperumal Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Kodungaiyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees, which are necessary for completing the sale. This ensures that both parties are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Selvaperumal Street?

The current guideline value of Selvaperumal Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking a 10% increase over this period. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What are the guideline values in Kodungaiyur?

In Kodungaiyur, the guideline values range from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. Selvaperumal Street's guideline value is below this median.

What are the stamp duty and registration fees for property on this street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. This is calculated based on the guideline value of Rs 2,200 per sq.ft.

Which Sub Registrar Office covers Selvaperumal Street?

The Madhavaram Sub Registrar Office covers Selvaperumal Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in this area.