Guideline Value for SEVEN HILLS NAGAR

Seven Hills Nagar guideline value

The current guideline value of Seven Hills Nagar is Rs 400 per sq.ft, as per the 2023 revision. This area falls under Thozhuvur village and is classified as Residential Class II Type - III, governed by the Tiruvallur Joint 1 SRO.

How the guideline value of Seven Hills Nagar has changed

The guideline value for Seven Hills Nagar has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. However, this figure dropped to Rs 268 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The most recent revision in 2023 saw a significant increase of 49%, bringing the guideline value back up to Rs 400 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street. Overall, from 2012 to 2023, the guideline value has remained unchanged at Rs 400 per sq.ft.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. Seven Hills Nagar is one of the streets under the jurisdiction of the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Seven Hills Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seven Hills Nagar?

The Sub Registrar Office that covers Seven Hills Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thozhuvur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the stamp duty is calculated based on the higher value between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Seven Hills Nagar?

The current guideline value of Seven Hills Nagar is Rs 400 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, and then back to Rs 400 per sq.ft in 2023. There are no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

What are the stamp duty and registration fees for property in Seven Hills Nagar?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. This is based on the current guideline value of Rs 400 per sq.ft.

Which Sub Registrar Office covers Seven Hills Nagar?

The Tiruvallur Joint 1 Sub Registrar Office covers Seven Hills Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. The fees are calculated based on the higher value between the guideline value and the sale price.