Guideline Value for SEKARAN NAGAR

Sekaran Nagar guideline value

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

How the guideline value of Sekaran Nagar has changed

The guideline value for Sekaran Nagar has seen several revisions over the years. In 2012, the value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, and the latest revision in 2024 set the value at Rs 2,725 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. 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 that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, which is the same as the current guideline value for Sekaran Nagar.

• Sekaran Everdan Enclave: Rs 2,725 per sq.ft (2024)
• Sekaran Nagar Annex: 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

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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sekaran Nagar?

The Sub Registrar Office that covers Sekaran Nagar 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 details.

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

The guideline value plays a crucial role when buying or selling property in Perumbakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded at a value that reflects the current market standards.

Frequently asked questions

What is the current guideline value of Sekaran Nagar?

The current guideline value of Sekaran Nagar 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 is the land classification of Sekaran Nagar?

Sekaran Nagar is classified as Residential Special Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in Sekaran Nagar?

For a property valued at Rs 27,25,000, the stamp duty would be Rs 1,90,750 and the registration fee would be Rs 54,500, totaling Rs 2,45,250.

Where is the Sub Registrar Office for Sekaran Nagar located?

The Sub Registrar Office for Sekaran Nagar is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.