Guideline Value for Karthikeyapuram Sathiyaseelan Street, 13th Street

Karthikeyapuram Sathiyaseelan Street, 13th Street guideline value

The current guideline value for Karthikeyapuram Sathiyaseelan Street, 13th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - I.

How the guideline value of Karthikeyapuram Sathiyaseelan Street, 13th Street has changed

According to the register, there are no figures for Karthikeyapuram Sathiyaseelan Street in the years 2023, 2017, 2012, 2007, 2003, and 2002. The only available revision is from 2024, which is Rs 3,850 per sq.ft.

Since the 2024 revision is the only figure available for this street, there have been no changes between revisions as there are no previous figures to compare against.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,750 per sq.ft, placing Karthikeyapuram Sathiyaseelan Street's 2024 figure above this median.

• Karthikeyapuram/Sabari Salai(Adhi Kesavan Pillai Street): Rs 3,850 per sq.ft (2024)
• Karthikeyapuram Main Road: Rs 3,850 per sq.ft (2024)
• Karthikeyapuram Lake View Street: Rs 3,850 per sq.ft (2024)
• Karthikeyapuram Lake View 3rd Street: Rs 3,850 per sq.ft (2024)
• Karthikeyapuram Extn: Rs 3,850 per sq.ft (2024)
• Karthikeyapuram Erikarai Street 3rd Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Karthikeyapuram Sathiyaseelan Street, 13th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total Rs 3,46,500. Duty is charged on the guideline value or the sale price, whichever is higher.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karthikeyapuram Sathiyaseelan Street, 13th Street?

The Sub Registrar Office covering Karthikeyapuram Sathiyaseelan Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in property transactions in Madipakkam-1, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transaction. It is important for both parties to be aware of the guideline value to avoid any discrepancies during the registration.

Frequently asked questions

What is the current guideline value of Karthikeyapuram Sathiyaseelan Street, 13th Street?

The current guideline value of Karthikeyapuram Sathiyaseelan Street, 13th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

What is the land classification for Karthikeyapuram Sathiyaseelan Street?

Karthikeyapuram Sathiyaseelan Street is classified as Residential Class I Type - I.

How many streets are there in Madipakkam-1 under the Velacheri SRO?

There are 1823 streets in Madipakkam-1 under the Velacheri SRO, each with its own guideline value.

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

For a property valued at Rs 38,50,000, the stamp duty at 7% is Rs 2,69,500, and the registration fee at 2% is Rs 77,000, totaling Rs 3,46,500.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.