Guideline Value for SESHAPPA ST

Seshappa St guideline value

The current guideline value of Seshappa St in Ammayarkuppam village is Rs 260 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Commercial Class I Type - II.

How the guideline value of Seshappa St has changed

Over the years, the guideline value for Seshappa St has seen several revisions. In 2007, the value was Rs 150 per sq.ft, which increased to Rs 260 per sq.ft in 2012. However, it dropped to Rs 174 per sq.ft in 2017 before returning to Rs 260 per sq.ft in both 2023 and 2024. Notably, the register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. The significant jump from 2007 to 2012 was a 73% increase. Overall, from 2007 to 2024, the guideline value has risen by 73%.

Guideline values in Ammayarkuppam

Ammayarkuppam has a total of 43 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 260 per sq.ft, with a median of Rs 260 per sq.ft. Seshappa St's 2024 figure is equal to this median.

• Selva Vinayagar Koil St: Rs 260 per sq.ft (2024)
• Siruthondar St: Rs 260 per sq.ft (2024)
• Saravanan St: Rs 260 per sq.ft (2024)
• Sornamabigai Koil St: Rs 241 per sq.ft (2024)
• Santhan street: Rs 260 per sq.ft (2024)
• Sannathi St: Rs 260 per sq.ft (2024)

Stamp duty and registration fee for property in Seshappa St

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value would be Rs 2,60,000. The stamp duty at 7% would amount to Rs 18,200, and the registration fee at 2% would be Rs 5,200, bringing the total cost to Rs 23,400. 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 details.

Which Sub Registrar Office covers Seshappa St?

The Seshappa St falls under the jurisdiction of the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Ammayarkuppam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as per the local registration department's standards.

Frequently asked questions

What is the current guideline value of Seshappa St?

The current guideline value of Seshappa St is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with significant changes from Rs 150 per sq.ft in 2007 to Rs 260 per sq.ft in 2012, then dropping to Rs 174 per sq.ft in 2017, and returning to Rs 260 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for property in Seshappa St?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 18,200 and the registration fee would be Rs 5,200, totaling Rs 23,400.

Which office handles the registration for Seshappa St?

The Ramakrishna Rajupettai Sub Registrar Office handles the registration for Seshappa St, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is essential for determining the stamp duty and registration fees during property transactions. It reflects the current market conditions and ensures that properties are registered at a fair value.