Guideline Value for Seelam Nagar

Seelam Nagar guideline value

The current guideline value of Seelam Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Seelam Nagar has changed

The guideline value for Seelam Nagar has seen several revisions over the years. In 2007, the value was Rs 40 per sq.ft, which increased to Rs 200 per sq.ft in 2012, marking a significant rise of 400%. However, from 2012 to 2017, the value decreased to Rs 134 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 200 per sq.ft in 2023, and has remained the same in the 2024 revision, showing no change from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Kolathur

In Kolathur, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,300 per sq.ft, with a median value of Rs 250 per sq.ft. Seelam Nagar's 2024 figure is below this median.

• Seenivasa Nagar: Rs 250 per sq.ft (2024)
• Sathyam Nagar: Rs 200 per sq.ft (2024)
• Sasthapuri: Rs 200 per sq.ft (2024)
• Siva Garden: Rs 250 per sq.ft (2024)
• Sivam Nagar: Rs 200 per sq.ft (2024)
• S.M. Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Seelam 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 Seelam Nagar?

The Sub Registrar Office that covers Seelam Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Seelam Nagar?

The current guideline value of Seelam 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 changed multiple times, starting from Rs 40 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreasing to Rs 134 per sq.ft in 2017, and returning to Rs 200 per sq.ft in 2023 and 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the total charges amount to Rs 18,000, which includes stamp duty and registration fees based on the guideline value.

Which Sub Registrar Office covers Seelam Nagar?

The Sriperumpudur Sub Registrar Office covers Seelam Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

Where can I find more information about the guideline values in Kolathur?

For more information about guideline values in Kolathur, you can refer to the official registration department's guideline value register or visit the Sriperumpudur SRO.