Guideline Value for SESHADRI NAGAR

Seshadri Nagar guideline value

The current guideline value of Seshadri Nagar is Rs 709 per sq.ft, effective from 1 July 2024. This area is located in Ponthoor village under the Sriperumpudur SRO and is classified as Residential Class I Type - III.

How the guideline value of Seshadri Nagar has changed

The guideline value for Seshadri Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 470 per sq.ft, which remained unchanged in the 2023 revision at Rs 709 per sq.ft. The most recent revision in 2024 also maintains the guideline value at Rs 709 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 51%. Overall, from 2017 to 2024, there has been a consistent increase of 51% in the guideline value, reflecting the stability in the pricing since 2023.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO carrying a 2024 guideline value ranging from Rs 200 to Rs 2,239 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Seshadri Nagar's 2024 figure above this median.

• Sevvalli Poo Street: Rs 300 per sq.ft (2024)
• Sevvanthipoo Street: Rs 300 per sq.ft (2024)
• Shanthi Avenue: Rs 448 per sq.ft (2024)
• Semparuthi Poo Street: Rs 300 per sq.ft (2024)
• Sivayogam Nagar: Rs 300 per sq.ft (2024)
• Sps Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Seshadri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 709 per sq.ft, the total guideline value amounts to Rs 7,09,000. The stamp duty at 7% would be Rs 49,630, and the registration fee at 2% would be Rs 14,180, bringing the total to Rs 63,810. 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 information.

Which Sub Registrar Office covers Seshadri Nagar?

The Seshadri Nagar area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Ponthoor. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Seshadri Nagar?

The current guideline value of Seshadri Nagar is Rs 709 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 709 per sq.ft from 2023 to 2024, with a significant increase of 51% from Rs 470 per sq.ft in 2017 to Rs 709 per sq.ft in 2023.

What are the other streets in Ponthoor with their guideline values?

Other streets in Ponthoor include Sevvalli Poo Street and Sevvanthipoo Street, both at Rs 300 per sq.ft, Shanthi Avenue at Rs 448 per sq.ft, and Sps Nagar at Rs 600 per sq.ft.

What is the stamp duty rate for property in Seshadri Nagar?

The stamp duty rate for property transactions in Seshadri Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Seshadri Nagar?

The Sub Registrar Office for Seshadri Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.