Guideline Value for SEYON NAGAR

Seyon Nagar guideline value

The current guideline value of Seyon Nagar, located in Venmanamputhur village under the Tiruvallur Joint 1 SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Seyon Nagar has changed

The guideline value for Seyon Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. Following this, the 2023 revision brought it back to Rs 200 per sq.ft, and the 2024 revision maintained this value, showing a 0% change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 200 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023. However, there were no figures available for the years 2002, 2003, and 2007 for Seyon Nagar.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with a median value of Rs 200 per sq.ft. Seyon Nagar's 2024 guideline value aligns with this median.

• Senthil Nagar/ Annex: Rs 200 per sq.ft (2024)
• Shanthi Nagar: Rs 200 per sq.ft (2024)
• Saradha Nagar: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 200 per sq.ft (2024)
• Sri Danalakshmi Nagar: Rs 250 per sq.ft (2024)
• Rayala Nagar(S.No.80/1a: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Seyon Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. 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 details.

Which Sub Registrar Office covers Seyon Nagar?

The Sub Registrar Office covering Seyon Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction adheres to the regulations set forth by the Registration Department. This ensures transparency and compliance in property transactions.

Frequently asked questions

What is the current guideline value of Seyon Nagar?

The current guideline value of Seyon Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 200 per sq.ft in 2023 and 2024. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What is the land classification for Seyon Nagar?

Seyon Nagar is classified as Residential Class II Type - II, indicating its suitability for residential development.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value.

Where is the Sub Registrar Office for Seyon Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. This office handles registrations for Seyon Nagar.