Guideline Value for SEETHAMMAL NAGAR

Seethammal Nagar guideline value

The current guideline value for Seethammal Nagar is Rs 2,950 per sq.ft, effective from 1 July 2024. This area falls under Chitthalapakkam village and is classified as Residential Special Type - II under the Selaiyur SRO.

How the guideline value of Seethammal Nagar has changed

The guideline value for Seethammal Nagar has seen several revisions over the years. The 2012 revision recorded a value of Rs 2,700 per sq.ft, which was then reduced to Rs 1,809 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,700 per sq.ft in 2023 and finally rose to Rs 2,950 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,900 per sq.ft, and Seethammal Nagar's 2024 figure is above this median.

• Sekaran S Woodrow Manor: Rs 3,300 per sq.ft (2024)
• Senthamizh Nagar Veenus Colony: Rs 3,300 per sq.ft (2024)
• Sarangapani Avenue: Rs 2,900 per sq.ft (2024)
• Sankarapuram Extension: Rs 3,300 per sq.ft (2024)
• Sankarapuram: Rs 3,300 per sq.ft (2024)
• Sky Lab Avenue: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Seethammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,950 per sq.ft, the total guideline value amounts to Rs 29,50,000. The stamp duty at 7% would be Rs 2,06,500, and the registration fee at 2% would be Rs 59,000, bringing the total cost for these fees to Rs 2,65,500. 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 Seethammal Nagar?

The Sub Registrar Office that covers Seethammal Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process of property transactions in Chitthalapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Seethammal Nagar?

The current guideline value of Seethammal Nagar is Rs 2,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2012 to Rs 1,809 per sq.ft in 2017, then to Rs 2,700 per sq.ft in 2023, and finally to Rs 2,950 per sq.ft in 2024.

What is the land classification of Seethammal Nagar?

Seethammal Nagar is classified as Residential Special Type - II under the Selaiyur SRO.

What are the registration fees for property in Seethammal Nagar?

The registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 2,65,500.

Where can I find the Sub Registrar Office for Seethammal Nagar?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more details online.