Guideline Value for SEKAR AVENUE PHASE-II

Sekar Avenue Phase-II guideline value

The current guideline value of Sekar Avenue Phase-II is Rs 101 per sq.ft. This property is located in Thandalam village, under the Madurandakam SRO, and is classified as Residential Special Type - I.

How the guideline value of Sekar Avenue Phase-II has changed

The guideline value for Sekar Avenue Phase-II has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which was later revised to Rs 67 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back up to Rs 100 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 101 per sq.ft, marking a slight increase of 1% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Thandalam

In Thandalam, there are nine streets under the Madurandakam SRO that have a guideline value for 2024, ranging from Rs 101 to Rs 200 per sq.ft, with a median value of Rs 104 per sq.ft. Sekar Avenue Phase-II's current guideline value is below this median.

• Selva Vinayagar Nagar: Rs 101 per sq.ft (2024)
• Sivakalai Nagar Phase-I: Rs 101 per sq.ft (2024)
• Sri Iyyappan Nagar: Rs 200 per sq.ft (2024)
• J P Avenue: Rs 200 per sq.ft (2024)
• Cs Gateway: Rs 104 per sq.ft (2024)
• Bharatham Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sekar Avenue Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value amounts to Rs 1,01,000. The stamp duty, charged at 7%, would be Rs 7,070, and the registration fee at 2% would be Rs 2,020. Together, these fees would total Rs 9,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sekar Avenue Phase-II?

The Sub Registrar Office that covers Sekar Avenue Phase-II is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering a property in Thandalam. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the registration process is transparent and standardized.

When you sell or buy a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sekar Avenue Phase-II?

The current guideline value of Sekar Avenue Phase-II is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and currently stands at Rs 101 per sq.ft in 2024.

What are the other streets in Thandalam with guideline values?

Other streets in Thandalam include Selva Vinayagar Nagar and Sivakalai Nagar Phase-I, both at Rs 101 per sq.ft, as well as Sri Iyyappan Nagar, J P Avenue, and Bharatham Nagar, which have higher rates.

What fees are associated with buying property in Sekar Avenue Phase-II?

When buying property in Sekar Avenue Phase-II, you will need to pay stamp duty at 7% and a registration fee at 2% of the guideline value, which is Rs 101 per sq.ft.

Where can I find the Sub Registrar Office for Sekar Avenue Phase-II?

The Sub Registrar Office for Sekar Avenue Phase-II is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.