Guideline Value

Corporate

Guideline Value for SEETHAKATHI ST

₹990/sq.ft.

The guideline value for Seethakathi St in Paleripattu village (Avadi SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paleripattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Seethakathi St guideline value

The current guideline value of Seethakathi St in Paleripattu village is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Seethakathi St has changed

In the 2012 revision, the guideline value was Rs 900 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 603 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 900 per sq.ft in the 2023 revision, followed by a further increase to Rs 990 per sq.ft in the 2024 revision, a rise of 10% from the previous year. The register has no figure for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value saw a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, there has been a total increase of 10% in the guideline value for Seethakathi St.

Guideline values in Paleripattu

Paleripattu village has a range of guideline values across its 111 streets under the Avadi SRO, with values varying from Rs 801 to Rs 4,200 per sq.ft. The median guideline value in this village is Rs 990 per sq.ft, which is equal to the current value of Seethakathi St.

Stamp duty and registration fee for property in Seethakathi St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800. Together, the total cost for these fees would be Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seethakathi St?

The Sub Registrar Office that covers Seethakathi St is the Avadi Sub Registrar Office, 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Paleripattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for various streets.

Frequently asked questions

What is the current guideline value of Seethakathi St?

The current guideline value of Seethakathi St is Rs 990 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024. This reflects an overall increase of 10% from the 2012 revision to the 2024 revision.

What is the land classification for Seethakathi St?

Seethakathi St is classified as Residential Class II Type - I, indicating its suitability for residential development.

How is stamp duty calculated for properties in Seethakathi St?

Stamp duty for properties in Seethakathi St is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.

Where can I find the Sub Registrar Office for Seethakathi St?

The Sub Registrar Office for Seethakathi St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.