Guideline Value for SEKARAN DHANALAKSHMI AVENUE

Sekaran Dhanalakshmi Avenue guideline value

The current guideline value of Sekaran Dhanalakshmi Avenue is Rs 2,725 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sekaran Dhanalakshmi Avenue has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,675 per sq.ft, marking a -33% change. Subsequently, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, and then rose again to Rs 2,725 per sq.ft in the 2024 revision, reflecting a 9% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,725 per sq.ft. The guideline value for Sekaran Dhanalakshmi Avenue is equal to this median.

• Seint Anthony Nagar: Rs 1,200 per sq.ft (2024)
• Sekaran Everdan Enclave: Rs 2,725 per sq.ft (2024)
• Sekaran Nagar: Rs 2,725 per sq.ft (2024)
• Sekaran Nagar Annex: Rs 2,725 per sq.ft (2024)
• Semmanchery - Nookampalayam Road: Rs 2,725 per sq.ft (2024)
• Sastha Avenue: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sekaran Dhanalakshmi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value amounts to Rs 27,25,000. The stamp duty at 7% would be Rs 1,90,750, and the registration fee at 2% would be Rs 54,500, totaling Rs 2,45,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sekaran Dhanalakshmi Avenue?

The Sub Registrar Office covering Sekaran Dhanalakshmi Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Perumbakkam

The guideline value is a crucial factor in property transactions in Perumbakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that the state government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Sekaran Dhanalakshmi Avenue?

The current guideline value of Sekaran Dhanalakshmi Avenue is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent changes being an increase from Rs 2,500 per sq.ft in 2023 to Rs 2,725 per sq.ft in 2024, and a significant rise from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023.

What are the other streets in Perumbakkam with similar guideline values?

Other streets in Perumbakkam with a guideline value of Rs 2,725 per sq.ft include Sekaran Everdan Enclave, Sekaran Nagar, Sekaran Nagar Annex, and Semmanchery - Nookampalayam Road.

What is the registration fee for properties in Sekaran Dhanalakshmi Avenue?

The registration fee for properties in Sekaran Dhanalakshmi Avenue is calculated based on the guideline value, which is currently Rs 2,725 per sq.ft. For example, a 1,000 sq.ft property would incur a registration fee of Rs 54,500 at 2%.

Where can I find the Sub Registrar Office for Sekaran Dhanalakshmi Avenue?

The Sub Registrar Office for Sekaran Dhanalakshmi Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.