Guideline Value for Sedunaranayanan Street

Sedunaranayanan Street guideline value

The current guideline value of Sedunaranayanan Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Sedunaranayanan Street has changed

The guideline value for Sedunaranayanan Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the previous value of Rs 1,675 per sq.ft in 2017. The next revision in 2017 raised the value significantly to Rs 2,500 per sq.ft, and the 2023 revision further increased it to Rs 2,500 per sq.ft. The most recent revision in 2024 has established the current guideline value at Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for Sedunaranayanan Street in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for the area is Rs 1,650 per sq.ft, making the current value of Sedunaranayanan Street above this median.

• Seenivasa Avenue: Rs 2,750 per sq.ft (2024)
• Seenivasan Nagar: Rs 2,750 per sq.ft (2024)
• Seethapathi Street: Rs 2,750 per sq.ft (2024)
• Seetha pathy Nagar Extn.: Rs 1,320 per sq.ft (2024)
• Seetharaman Street: Rs 1,320 per sq.ft (2024)
• Sekar Avenue: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sedunaranayanan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sedunaranayanan Street?

The Sub Registrar Office that covers Sedunaranayanan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Chitlapakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value will be referenced to ensure that the correct fees are applied, ensuring compliance with local regulations and avoiding any potential legal issues.

Frequently asked questions

What is the current guideline value of Sedunaranayanan Street?

The current guideline value of Sedunaranayanan Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase. The value was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification for Sedunaranayanan Street?

Sedunaranayanan Street falls under the Residential Class I Type - II land classification. This classification is important for determining the appropriate uses and regulations for properties in this area.

Where can I find the registration office for Sedunaranayanan Street?

The registration office for Sedunaranayanan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Sedunaranayanan Street?

The stamp duty for properties in Sedunaranayanan Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,50,000 would incur a stamp duty of Rs 1,92,500 at a rate of 7%.