Guideline Value for SEEYON NAGAR

Seeyon Nagar guideline value

The current guideline value of Seeyon Nagar, located in Athipattu village under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Seeyon Nagar has changed

The guideline value for Seeyon Nagar has seen several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 201 per sq.ft. This figure increased significantly to Rs 300 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 330 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no recorded figures for Seeyon Nagar in the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Athipattu

In Athipattu, there are 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft, with a median value of Rs 330 per sq.ft. Seeyon Nagar's 2024 guideline value is equal to this median.

• Selvambigai Nagar: Rs 330 per sq.ft (2024)
• Selvambigai Nagar Extn: Rs 330 per sq.ft (2024)
• Sengam Nagar: Rs 330 per sq.ft (2024)
• Shanthi Nagar: Rs 330 per sq.ft (2024)
• Santha Nagar: Rs 330 per sq.ft (2024)
• Sankar Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Seeyon Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty, calculated at 7%, would be Rs 23,100, while the registration fee at 2% would be Rs 6,600. This brings the total cost for stamp duty and registration to Rs 29,700. 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 Seeyon Nagar?

The Seeyon Nagar area falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Athipattu. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the government receives the correct dues during the transfer of property ownership.

When buying or selling property, the guideline value helps establish a fair price for the transaction, which is particularly important for legal and financial purposes. Buyers and sellers must consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Seeyon Nagar?

The current guideline value of Seeyon Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What is the land classification for Seeyon Nagar?

Seeyon Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Seeyon Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 330 per sq.ft, the total costs amount to Rs 29,700.

Which office handles property registrations for Seeyon Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations for Seeyon Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.