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Guideline Value

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Guideline Value for SEEVARAM 3RD STREET (GANAPATHI NAGAR)

₹2800/sq.ft.

The guideline value for Seevaram 3rd Street (ganapathi Nagar) in Seevaram village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Seevaram

Village

Neelankarai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1470 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹500 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹170 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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]
Records for a plot on Seevaram 3rd Street (ganapathi Nagar)

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Seevaram 3rd Street (Ganapathi Nagar) guideline value

The current guideline value of Seevaram 3rd Street (Ganapathi Nagar) is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Seevaram village and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Seevaram 3rd Street (Ganapathi Nagar) has changed

The guideline value for Seevaram 3rd Street has seen several revisions over the years. In 2002, the value was Rs 170 per sq.ft, which increased to Rs 500 per sq.ft in 2003, marking a significant rise of 194%. By 2007, the guideline value reached Rs 1,470 per sq.ft, reflecting another increase of 194%. In 2012, it adjusted to Rs 2,500 per sq.ft, a decrease of 33%. The value then rose to Rs 1,675 per sq.ft in 2017, a 49% increase from the previous revision. In 2023, the guideline value was set at Rs 2,500 per sq.ft, and it has now increased to Rs 2,800 per sq.ft in 2024, which is a rise of 12%.

Overall, from 2002 to 2024, the guideline value has increased by 1547%. There are no figures available for revisions in years other than those listed.

Guideline values in Seevaram

In Seevaram village, there are 84 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,300 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, which is equal to the 2024 guideline value of Seevaram 3rd Street (Ganapathi Nagar).

Stamp duty and registration fee for property in Seevaram 3rd Street (Ganapathi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value is Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Seevaram 3rd Street (Ganapathi Nagar)?

The Sub Registrar Office that covers Seevaram 3rd Street (Ganapathi Nagar) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Seevaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Seevaram 3rd Street (Ganapathi Nagar)?

The current guideline value of Seevaram 3rd Street (Ganapathi Nagar) is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 170 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1547% over this period.

What is the land classification for Seevaram 3rd Street?

The land classification for Seevaram 3rd Street (Ganapathi Nagar) is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Seevaram 3rd Street?

The Sub Registrar Office for Seevaram 3rd Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Seevaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 28,00,000 would incur a stamp duty of Rs 1,96,000 at 7%.