Guideline Value for SEIKIZHAR STREET (WARD -6)

Seikizhar Street (Ward -6) guideline value

The current guideline value of Seikizhar Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Seikizhar Street (Ward -6) has changed

Over the years, the guideline value of Seikizhar Street (Ward -6) has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in the 2023 revision, and finally, it rose to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, the changes from the 2012 revision to the 2024 revision indicate an overall increase of 10%. The most significant change occurred between the 2017 and 2023 revisions, where the value increased by 49%. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Seikizhar Street's 2024 figure above this median.

• Seevaga Chinthamani Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Seethalai Sathanar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Seerapuranam Street (N): Rs 1,320 per sq.ft (2024)
• Selliamman Koil Street (Ward -17): Rs 550 per sq.ft (2024)
• School Street (Ward -2): Rs 440 per sq.ft (2024)
• School Street (Ward -15): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Seikizhar Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seikizhar Street (Ward -6)?

The Sub Registrar Office that covers Seikizhar Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. 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 sold, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Seikizhar Street (Ward -6)?

The current guideline value of Seikizhar Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the median guideline value in Kattankollatur?

The median guideline value in Kattankollatur is Rs 1,100 per sq.ft, which is below the current guideline value of Seikizhar Street.

What are the stamp duty and registration fees for a property in Seikizhar Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Seikizhar Street (Ward -6)?

The Chengleput Joint II Sub Registrar Office handles registrations for Seikizhar Street (Ward -6), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.