Guideline Value

Corporate

Guideline Value for SEETHAMMAL STREET

₹660/sq.ft.

The guideline value for Seethammal Street in Koladi village (Chennai South Joint Ii SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koladi

Village

Chennai South Joint II

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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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Seethammal Street guideline value

The current guideline value of Seethammal Street in Koladi village is Rs 660 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class II Type - III.

How the guideline value of Seethammal Street has changed

In the 2007 revision, the guideline value was Rs 300 per sq.ft. This increased to Rs 600 per sq.ft in 2012, a rise of 100%. However, it then decreased to Rs 402 per sq.ft in 2017, marking a decline of 33%. The value saw a significant increase of 49% to Rs 600 per sq.ft in the 2023 revision. The current guideline value of Rs 660 per sq.ft in the 2024 revision represents a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Koladi

In Koladi village, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. Seethammal Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Seethammal Street

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value totals Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Seethammal Street?

The Sub Registrar Office covering Seethammal Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Koladi. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value as it directly affects the financial obligations involved in the registration process. Ensuring that the correct guideline value is applied can help avoid any potential issues during registration.

Frequently asked questions

What is the current guideline value of Seethammal Street?

The current guideline value of Seethammal Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, representing a total increase of 120% over the years.

What are the other streets in Koladi with their guideline values?

Other streets in Koladi include School Road at Rs 1,100 per sq.ft, Senthamizh Nagar Main And Cross Streets at Rs 660 per sq.ft, Seshadhri Street at Rs 660 per sq.ft, Shri Abirami Nagar at Rs 660 per sq.ft, Shri Devi Karumari Nagar at Rs 1,100 per sq.ft, and Shri Karumari Nagar at Rs 1,100 per sq.ft.

What is the stamp duty for property in Seethammal Street?

The stamp duty for property in Seethammal Street is 7% of the guideline value or the sale price, whichever is higher. For a plot valued at Rs 6,60,000, the stamp duty would be Rs 46,200.

Which Sub Registrar Office should I approach for transactions in Seethammal Street?

The Chennai South Joint II Sub Registrar Office is responsible for transactions in Seethammal Street. It is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.