Guideline Value for SESHATHRI NAGAR

Seshathri Nagar guideline value

The current guideline value of Seshathri Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Athur B Block village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Seshathri Nagar has changed

Over the years, the guideline value of Seshathri Nagar has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision recorded a lower value of Rs 469 per sq.ft, marking a decrease of 33% from the 2012 figure. In contrast, from 2017 to 2023, there was an increase of 49%, bringing the value back to Rs 700 per sq.ft. The most recent revision in 2024 also maintains the guideline value at Rs 700 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Athur B Block

Athur B Block contains 79 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median value is Rs 700 per sq.ft, which matches the current guideline value of Seshathri Nagar.

• Shirdi Avenue: Rs 1,000 per sq.ft (2024)
• Shree Sakthi Garden: Rs 800 per sq.ft (2024)
• Saraswathi Nagar: Rs 500 per sq.ft (2024)
• Santhosh Nagar: Rs 500 per sq.ft (2024)
• Sree Mallinathan Nagar: Rs 500 per sq.ft (2024)
• Sree Sai Krishnanagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Seshathri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seshathri Nagar?

The Sub Registrar Office that covers Seshathri Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a crucial factor when registering property transactions in Athur B Block. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions are recorded at a fair value as determined by the government.

When buying or selling property, the guideline value helps in assessing the legal and financial implications of the transaction. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can affect the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value of Seshathri Nagar?

The current guideline value of Seshathri Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since 2012, with a dip to Rs 469 per sq.ft in 2017, followed by a return to Rs 700 per sq.ft in 2023 and 2024.

What is the land classification for Seshathri Nagar?

Seshathri Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles property registrations for Seshathri Nagar?

The Chengleput Joint II Sub Registrar Office handles property registrations for Seshathri Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.