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 Panangottur village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - V.

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

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease of 33% to Rs 804 per sq.ft. The value then increased significantly by 49% to Rs 1,200 per sq.ft in the 2023 revision. The latest revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for Seikizhar Street in the revisions for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets is Rs 990 per sq.ft, placing Seikizhar Street's 2024 figure above that 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 charges to Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

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 Panangottur

The guideline value is a critical factor in the registration process for property transactions in Panangottur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value will influence the overall cost involved in the transaction, including the stamp duty and registration fees. Buyers should be aware of the current guideline value to accurately assess their financial obligations during the registration process.

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 back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Seikizhar Street?

Seikizhar Street is classified as Residential Special Type - V under the Chengleput Joint II SRO.

What are the stamp duty rates for property transactions in Seikizhar Street?

The stamp duty for property transactions in Seikizhar Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Seikizhar Street?

The Sub Registrar Office covering Seikizhar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.