Guideline Value for Selvaraman swamy Koil Street

Selvaraman swamy Koil Street guideline value

The current guideline value of Selvaraman swamy Koil Street is Rs 1,430 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO and is classified as Residential Special Type - II.

How the guideline value of Selvaraman swamy Koil Street has changed

The guideline value for Selvaraman swamy Koil Street has undergone several revisions over the years. The 2017 revision set the value at Rs 871 per sq.ft. This figure increased significantly to Rs 1,300 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 reflects a further increase to Rs 1,430 per sq.ft, which is a 10% change from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Selvaraman swamy Koil Street's 2024 figure below this median.

• Sembarambakkam Erikarai Salai: Rs 1,430 per sq.ft (2024)
• Selliamman Koil Street: Rs 2,090 per sq.ft (2024)
• Sekkizhar Street: Rs 1,430 per sq.ft (2024)
• Sekkizhar Nagar: Rs 1,430 per sq.ft (2024)
• Serasa Urbane: Rs 3,070 per sq.ft (2024)
• Seven Hills Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Selvaraman swamy Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total cost to Rs 1,28,700. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Selvaraman swamy Koil Street?

The Sub Registrar Office that covers Selvaraman swamy Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role in the registration process when buying or selling property in Kunrathour-B. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Selvaraman swamy Koil Street?

The current guideline value of Selvaraman swamy Koil Street is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the registration fee for properties in this area?

The registration fee is calculated at 2% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 14,30,000 would incur a registration fee of Rs 28,600.

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

The Sub Registrar Office for Selvaraman swamy Koil Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Selvaraman swamy Koil Street?

Selvaraman swamy Koil Street is classified as Residential Special Type - II under the current guideline value register.