Guideline Value for SEKARAN NAGAR ANNEX

Sekaran Nagar Annex guideline value

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

How the guideline value of Sekaran Nagar Annex has changed

The guideline value for Sekaran Nagar Annex has seen several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 2,500 per sq.ft. In 2017, this value decreased to Rs 1,675 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 2,500 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 2,725 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO, with guideline values 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 equal to the current value of Sekaran Nagar Annex.

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

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, bringing the total cost for stamp duty and registration fees to Rs 2,45,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sekaran Nagar Annex?

The Sekaran Nagar Annex 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 of property transactions in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When a buyer and seller agree on a sale price, the registration office will consider the guideline value to ensure that the transaction is in compliance with local regulations.

In cases where the sale price exceeds the guideline value, the stamp duty and registration fees will be calculated based on the sale price. Conversely, if the sale price is lower than the guideline value, the fees will be based on the guideline value. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sekaran Nagar Annex?

The current guideline value of Sekaran Nagar Annex 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 increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,725 per sq.ft in 2024.

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

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

Where is the Selaiyur Sub Registrar Office located?

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 property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. In Sekaran Nagar Annex, for example, the stamp duty would be calculated on the guideline value of Rs 27,25,000 if the sale price is lower.