Guideline Value for SEHAJ NAGAR

Sehaj Nagar guideline value

The current guideline value of Sehaj Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Chettipunniyam village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sehaj Nagar has changed

In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. However, in the 2017 revision, it decreased to Rs 469 per sq.ft, marking a decline of 33%. The following revision in 2023 saw the value rise again to Rs 700 per sq.ft, and it remained unchanged in the 2024 revision, reflecting a 0% change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2017 revision to the 2023 revision, there was an increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 700 per sq.ft.

Guideline values in Chettipunniyam

In Chettipunniyam, there are 47 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 4,750 per sq.ft. The median value for these streets is Rs 900 per sq.ft, placing Sehaj Nagar's 2024 figure below that median.

• Selvaganapthi Nagar: Rs 700 per sq.ft (2024)
• Senthi Nagar: Rs 700 per sq.ft (2024)
• Shree Desikar Nagar Extension: Rs 900 per sq.ft (2024)
• Sibee Avenue: Rs 700 per sq.ft (2024)
• Sivagami Nagar: Rs 700 per sq.ft (2024)
• Sowbagya Housing Co operative Mega Nagar: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Sehaj Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sehaj Nagar?

The Sub Registrar Office that covers Sehaj Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Chettipunniyam. It serves as a benchmark for determining the minimum value at which a property can be registered with the local authorities. This value is essential for calculating stamp duty and registration fees during the buying or selling process.

When a property is sold, 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 from property transactions, reflecting the value of the real estate market in the area.

Frequently asked questions

What is the current guideline value of Sehaj Nagar?

The current guideline value of Sehaj Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What are the guideline values of other streets in Chettipunniyam?

Other streets in Chettipunniyam have guideline values ranging from Rs 700 to Rs 4,750 per sq.ft, with a median value of Rs 900 per sq.ft. Sehaj Nagar's value is below this median.

What fees are associated with buying property in Sehaj Nagar?

When buying property in Sehaj Nagar, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 63,000 in duties and fees.

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

The Chengleput Joint II Sub Registrar Office covers Sehaj Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO online.