Guideline Value for Seniamman Koil Street

Seniamman Koil Street guideline value

The current guideline value of Seniamman Koil Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Special Type - II.

How the guideline value of Seniamman Koil Street has changed

The guideline value for Seniamman Koil Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,100 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, in 2017, the value decreased to Rs 1,675 per sq.ft, before rising significantly to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 has further increased the value to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 145%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Seniamman Koil Street's 2024 figure above that median.

• Seshachala Gramani Thottam Cross Lane: Rs 1,300 per sq.ft (2024)
• Seshachala Gramani Thottam Main Street: Rs 1,300 per sq.ft (2024)
• Shek Maistry Street: Rs 2,200 per sq.ft (2024)
• Shivaji Nagar 10th Street: Rs 1,300 per sq.ft (2024)
• Shivaji Nagar 11th Street: Rs 1,300 per sq.ft (2024)
• Shivaji Nagar 1st Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Seniamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. 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 Seniamman Koil Street?

The Sub Registrar Office that covers Seniamman Koil Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is considered to ensure that the transaction is compliant with state regulations. Buyers and sellers should be aware of the guideline value as it directly affects the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Seniamman Koil Street?

The current guideline value of Seniamman Koil Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 145% over the years.

What is the land classification for Seniamman Koil Street?

Seniamman Koil Street is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Seniamman Koil Street?

The Sub Registrar Office for Seniamman Koil Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Seniamman Koil Street?

Stamp duty for properties in Seniamman Koil Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total stamp duty of Rs 1,89,000.