Guideline Value for SEKKIZHAR STREET

Sekkizhar Street guideline value

The current guideline value of Sekkizhar Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Vengaivasal village under the Selaiyur SRO, with a land classification of Mixed Type - I.

How the guideline value of Sekkizhar Street has changed

The guideline value for Sekkizhar Street has seen significant changes over the years. The 2017 revision set the value at Rs 2,512 per sq.ft. With the 2024 revision, the value increased to Rs 4,000 per sq.ft, marking a change of +59% from the previous revision.

It is important to note that the register does not have figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only figures available are from the 2017 and 2024 revisions.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,700 per sq.ft. Sekkizhar Street's 2024 figure is above this median.

• Seetthalakshmi Nagar: Rs 1,900 per sq.ft (2024)
• Sarojini Nagar: Rs 2,700 per sq.ft (2024)
• Santhosapuram Veeramamunivar Street: Rs 2,700 per sq.ft (2024)
• Santhosapuram: Rs 2,700 per sq.ft (2024)
• Saminathapuram: Rs 2,700 per sq.ft (2024)
• Siva Pooshnam Nagar: Rs 3,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sekkizhar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value would be Rs 40,00,000. The stamp duty at 7% would amount to Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total to Rs 3,60,000. It is important to 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 information.

Which Sub Registrar Office covers Sekkizhar Street?

The Sub Registrar Office that covers Sekkizhar Street 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Vengaivasal. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable at the time of registration.

When buying or selling property, it is essential to consider the guideline value to ensure compliance with local regulations. The guideline value reflects the official estimate of property value, which is used by the Registration Department during the registration process.

Frequently asked questions

What is the current guideline value of Sekkizhar Street?

The current guideline value of Sekkizhar Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,512 per sq.ft in 2017 to Rs 4,000 per sq.ft in 2024, which is an increase of +59%.

Are there any years without a guideline value for Sekkizhar Street?

Yes, the register does not have figures for Sekkizhar Street for the years 2023, 2012, 2007, 2003, and 2002.

What is the range of guideline values for other streets in Vengaivasal?

The guideline values for other streets in Vengaivasal range from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,700 per sq.ft.

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.