Guideline Value for SEKKADU MAIN ROAD

Sekkadu Main Road guideline value

The current guideline value of Sekkadu Main Road is Rs 990 per sq.ft, effective from 1 July 2024. This road is located in Paleripattu village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sekkadu Main Road has changed

Since the 2007 revision, the guideline value has increased significantly. The 2007 revision set the value at Rs 300 per sq.ft, which then rose to Rs 900 per sq.ft in 2012. However, in the 2017 revision, the value decreased to Rs 603 per sq.ft, before climbing to Rs 900 per sq.ft again in 2023. The most recent revision in 2024 has further increased it to Rs 990 per sq.ft, marking a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 230%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Paleripattu

Paleripattu village has 111 streets under the Avadi SRO carrying a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft. The median value is Rs 990 per sq.ft, which is equal to the guideline value of Sekkadu Main Road.

• Selva Nagar: Rs 990 per sq.ft (2024)
• Seethakathi St: Rs 990 per sq.ft (2024)
• Sathiyamurthy St: Rs 990 per sq.ft (2024)
• Shanthi Terrains: Rs 2,200 per sq.ft (2024)
• Sargunam St: Rs 990 per sq.ft (2024)
• Sapthagiri Nagar & Street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Sekkadu Main Road

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Sekkadu Main Road?

The Sub Registrar Office that covers Sekkadu Main Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Paleripattu, this value is used to calculate stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of property transactions. Ensuring compliance with these values can facilitate a smoother registration process.

Frequently asked questions

What is the current guideline value of Sekkadu Main Road?

The current guideline value of Sekkadu Main Road is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 300 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, reflecting an overall increase of 230% since 2007.

What is the land classification for Sekkadu Main Road?

Sekkadu Main Road is classified as Residential Class II Type - I under the current regulations.

Where can I find the Sub Registrar Office for Sekkadu Main Road?

The Avadi Sub Registrar Office covers Sekkadu Main Road, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Sekkadu Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000, leading to a stamp duty of Rs 69,300.