Guideline Value for SEKARVARMA NAGAR

Sekarvarma Nagar guideline value

The current guideline value of Sekarvarma Nagar is Rs 825 per sq.ft, effective from 1 July 2024. This area is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sekarvarma Nagar has changed

The guideline value for Sekarvarma Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 502 per sq.ft, which then increased to Rs 750 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 825 per sq.ft, marking a significant increase of 10% from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median value is Rs 825 per sq.ft, which is equal to the guideline value of Sekarvarma Nagar.

• Semgiunthar Nagar: Rs 825 per sq.ft (2024)
• Senthamil Nagar: Rs 770 per sq.ft (2024)
• Shanmugam Street: Rs 770 per sq.ft (2024)
• Shanthi Nagar: Rs 825 per sq.ft (2024)
• Sannadhi Street: Rs 1,100 per sq.ft (2024)
• Sandu Street: Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in Sekarvarma Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,25,000. The stamp duty at 7% amounts to Rs 57,750, and the registration fee at 2% is Rs 16,500, bringing the total to Rs 74,250. Please 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 Sekarvarma Nagar?

The Sub Registrar Office that covers Sekarvarma Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is used as a reference point for property transactions in Tiruttani. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling a property, the guideline value will influence the costs associated with the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sekarvarma Nagar?

The current guideline value of Sekarvarma Nagar is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 502 per sq.ft in 2017 to Rs 825 per sq.ft in 2024, representing an overall increase of 64% over this period.

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

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750, and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which Sub Registrar Office is responsible for Sekarvarma Nagar?

The Thiruttani Sub Registrar Office is responsible for Sekarvarma Nagar, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

Where can I find more information about the guideline values in Tiruttani?

Detailed information about guideline values in Tiruttani can be found in the Registration Department's guideline value register (TNReginet), which lists values for various streets in the area.