Guideline Value for SEERAPURANAM STREET (N)

Seerapuranam Street (N) guideline value

The current guideline value of Seerapuranam Street (N) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Seerapuranam Street (N) has changed

Since the 2012 revision, the guideline value for Seerapuranam Street (N) has seen several changes. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, when it decreased to Rs 804 per sq.ft. However, in the 2023 revision, the value increased significantly to Rs 1,200 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

To summarize the changes: from 2012 to 2017, there was a decrease of 33%. Following this, the value increased by 49% from 2017 to 2023. The overall change from 2012 to 2024 reflects a 10% increase, highlighting the fluctuations in the guideline value over the years. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam village, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Seerapuranam Street (N) above this median at Rs 1,320 per sq.ft.

• Seethalai Sathanar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Seevaga Chinthamani Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Seikizhar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• School Street (Ward -2): Rs 440 per sq.ft (2024)
• School Street (Ward -15): Rs 440 per sq.ft (2024)
• Selliamman Koil Street (Ward -17): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Seerapuranam Street (N)

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, while the registration fee at 2% would be Rs 26,400. Together, the total cost for these fees would be Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Seerapuranam Street (N)?

The Sub Registrar Office that covers Seerapuranam Street (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Sattamangalam. It determines the minimum value at which a property can be registered, ensuring that the transaction is in line with government regulations. Buyers and sellers must consider this value to understand the associated costs during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the guideline value or the sale price, whichever is higher. This ensures that the registration reflects a fair value of the property being transacted.

Frequently asked questions

What is the current guideline value of Seerapuranam Street (N)?

The current guideline value of Seerapuranam Street (N) 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 several times, starting from Rs 1,200 per sq.ft in 2012, decreasing to Rs 804 per sq.ft in 2017, and then increasing to Rs 1,200 per sq.ft in 2023, and finally reaching Rs 1,320 per sq.ft in 2024.

What is the land classification for Seerapuranam Street (N)?

The land classification for Seerapuranam Street (N) is Residential Special Type - V.

Where can I find the Sub Registrar Office for Seerapuranam Street (N)?

The Sub Registrar Office for Seerapuranam Street (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duty and registration fees calculated for properties in Sattamangalam?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,20,000, the stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400.