Guideline Value for Seeba Nagar

Seeba Nagar guideline value

The current guideline value of Seeba Nagar, located in Puthur village under the Tambaram Joint 1 SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - V.

How the guideline value of Seeba Nagar has changed

Over the years, the guideline value of Seeba Nagar has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 1,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,100 per sq.ft.

Examining the changes, the guideline value increased by 49% from 2017 to 2023. The jump from 2023 to 2024 is a 10% increase. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Puthur

In Puthur, there are 63 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 330 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the guideline value for Seeba Nagar.

• Sdb's Mahalakshmi Nagar: Rs 3,300 per sq.ft (2024)
• Sai Vignesh Avenue: Rs 3,300 per sq.ft (2024)
• Sp Avenue Phase I: Rs 770 per sq.ft (2024)
• S.P. Avenue Phase - II: Rs 770 per sq.ft (2024)
• S.P.Avenue Phase - II Extension: Rs 770 per sq.ft (2024)
• S.P.Avenue Phase - III: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Seeba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total charges Rs 99,000. 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 Seeba Nagar?

The Sub Registrar Office that covers Seeba Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Puthur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Seeba Nagar?

The current guideline value of Seeba Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Seeba Nagar?

The land classification for Seeba Nagar is Residential Special Type - V.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for Seeba Nagar located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.