Guideline Value for SEETHARAM NAGAR

Seetharam Nagar guideline value

The current guideline value of Seetharam Nagar is Rs 3,000 per sq.ft, effective from 1 July 2024. This area is located in Korattur village and falls under the Villivakkam SRO. The land classification for this street is Residential Special Type - IV.

How the guideline value of Seetharam Nagar has changed

The guideline value register for Seetharam Nagar shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 3,000 per sq.ft.

Since there are no figures available for previous years, it is clear that the current value is established solely based on the 2024 revision.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, placing Seetharam Nagar's 2024 figure above the median.

• Selva Ganapathi Nagar: Rs 1,600 per sq.ft (2024)
• Senai Thalaivar Nagar: Rs 1,600 per sq.ft (2024)
• Senai Thalaivar Nagar Extension: Rs 1,300 per sq.ft (2024)
• Senbaga Nagar: Rs 1,300 per sq.ft (2024)
• Senbaga Nagar (Near Vivekanantha Nagar): Rs 2,700 per sq.ft (2024)
• Senthil Murugan Nagar: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in Seetharam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, making the total cost for these fees Rs 2,70,000. It is important to note that 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 Seetharam Nagar?

The Sub Registrar Office that covers Seetharam Nagar is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Korattur. It is used to determine 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 with the sale price, and the higher amount is taken into consideration for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Seetharam Nagar?

The current guideline value of Seetharam Nagar is Rs 3,000 per sq.ft, effective from 1 July 2024.

What is the land classification for Seetharam Nagar?

Seetharam Nagar is classified as Residential Special Type - IV.

Which Sub Registrar Office covers Seetharam Nagar?

The Villivakkam Sub Registrar Office covers Seetharam Nagar, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Seetharam Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 30,00,000 would incur a stamp duty of Rs 2,10,000.

Are there any previous guideline value revisions for Seetharam Nagar?

The guideline value register shows no figures for Seetharam Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only current figure is from the 2024 revision.