Guideline Value for C.S.I. School Street

C.S.I. School Street guideline value

The current guideline value of C.S.I. School Street in Sekkadu village, under the Avadi SRO, is Rs 1,320 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of C.S.I. School Street has changed

The guideline value for C.S.I. School Street has seen several revisions over the years. In 2012, the value was recorded at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017, before rising again to Rs 1,200 per sq.ft in 2023. The latest revision in 2024 has increased the value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the changes are significant. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO that carry a guideline value for 2024, ranging from Rs 930 to Rs 4,800 per sq.ft. The median value is Rs 1,320 per sq.ft, which is equal to the 2024 figure for C.S.I. School Street.

• Defence Colony: Rs 1,075 per sq.ft (2024)
• Devarajan Nagar: Rs 1,075 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 1,320 per sq.ft (2024)
• Dhanalakshmi Nagar Annuxe: Rs 1,320 per sq.ft (2024)
• Driver's Colony: Rs 1,320 per sq.ft (2024)
• D.R.P. Nagar: Rs 2,250 per sq.ft (2024)

Stamp duty and registration fee for property in C.S.I. School Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers C.S.I. School Street?

The Sub Registrar Office that covers C.S.I. School Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Sekkadu. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per government standards.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of C.S.I. School Street?

The current guideline value of C.S.I. School Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the other streets in Sekkadu with their guideline values?

Other streets in Sekkadu include Defence Colony and Devarajan Nagar, both at Rs 1,075 per sq.ft, and D.R.P. Nagar at Rs 2,250 per sq.ft, among others.

What fees are associated with buying property in C.S.I. School Street?

The fees associated with buying property include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for C.S.I. School Street?

The Sub Registrar Office for C.S.I. School Street is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.