Guideline Value for SEKARAN EVERDAN ENCLAVE

Sekaran Everdan Enclave guideline value

The current guideline value of Sekaran Everdan Enclave is Rs 2,725 per sq.ft. This property is located in Perumbakkam village, under the Selaiyur Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Sekaran Everdan Enclave has changed

The guideline value for Sekaran Everdan Enclave has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, the value rebounded significantly in the 2023 revision to Rs 2,500 per sq.ft, and further increased to Rs 2,725 per sq.ft in the 2024 revision, reflecting a growth of 9% from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It is important to note that 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. The median guideline value for these streets is Rs 2,725 per sq.ft, which is the same as the 2024 figure for Sekaran Everdan Enclave.

• Sekaran Dhanalakshmi Avenue: Rs 2,725 per sq.ft (2024)
• Sekaran Nagar: Rs 2,725 per sq.ft (2024)
• Seint Anthony Nagar: Rs 1,200 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 Everdan Enclave

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

Which Sub Registrar Office covers Sekaran Everdan Enclave?

The Sekaran Everdan Enclave falls under 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 plays a crucial role in the registration process when buying or selling property in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the necessary taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Sekaran Everdan Enclave?

The current guideline value of Sekaran Everdan Enclave 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 changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,725 per sq.ft in 2024.

What is the land classification for Sekaran Everdan Enclave?

The land classification for Sekaran Everdan Enclave is Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Selaiyur Sub Registrar Office?

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

How is the stamp duty calculated for properties in Sekaran Everdan Enclave?

Stamp duty for properties in Sekaran Everdan Enclave is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is charged on the guideline value.