Guideline Value for Main Road

Main Road guideline value

The current guideline value of Main Road in Sekkadu village, under the Avadi SRO, is Rs 2,250 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Special Type - II.

How the guideline value of Main Road has changed

The guideline value for Main Road has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,050 per sq.ft. This was followed by a decrease to Rs 1,373 per sq.ft in 2017. The value then increased significantly to Rs 2,050 per sq.ft in 2023, before reaching the current figure of Rs 2,250 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. Between 2023 and 2024, there was a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft. The median value is Rs 1,320 per sq.ft, placing Main Road's 2024 figure above this median.

• Mariyamman Koil Street Kudiyiruppu: Rs 1,075 per sq.ft (2024)
• Mejastic Residency: Rs 1,075 per sq.ft (2024)
• Mettu Sekkadu: Rs 1,075 per sq.ft (2024)
• Mettu Street: Rs 1,075 per sq.ft (2024)
• Kumaran Nagar: Rs 1,075 per sq.ft (2024)
• Kulakkarai Street: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,250 per sq.ft, the total guideline value would be Rs 22,50,000. The stamp duty at 7% would amount to Rs 1,57,500, and the registration fee at 2% would be Rs 45,000, bringing the total to Rs 2,02,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Main Road?

Main Road falls under the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Sekkadu. It is used to determine the stamp duty and registration fees applicable when buying or selling a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is considered to ascertain the applicable duties. This ensures that the transaction is recorded accurately and that the correct fees are paid to the government.

Frequently asked questions

What is the current guideline value of Main Road in Sekkadu?

The current guideline value of Main Road in Sekkadu village is Rs 2,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,050 per sq.ft in 2012 to Rs 1,373 per sq.ft in 2017, then increased to Rs 2,050 per sq.ft in 2023, and currently stands at Rs 2,250 per sq.ft in 2024.

What is the land classification for Main Road?

Main Road is classified as Mixed Special Type - II according to the local land classification guidelines.

Where can I find the Sub Registrar Office for Main Road?

The Sub Registrar Office covering Main Road is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Sekkadu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,50,000 would incur a stamp duty of Rs 1,57,500 at a rate of 7%.