Guideline Value for Seenivasa Street

Seenivasa Street guideline value

The current guideline value of Seenivasa Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Seenivasa Street has changed

Over the years, the guideline value of Seenivasa Street has seen significant changes. The earliest recorded figure is from 2002, where the guideline value was Rs 234 per sq.ft. This increased to Rs 262 per sq.ft in 2003, marking a rise of 12%. The value then surged to Rs 1,000 per sq.ft in 2007, reflecting a substantial increase of 282%. By 2012, the guideline value was Rs 3,500 per sq.ft, which represented a notable increase of 250%. However, it decreased to Rs 2,345 per sq.ft in 2017, showing a decline of 33%. The guideline value rose again to Rs 3,500 per sq.ft in 2023, and most recently, it has increased to Rs 3,900 per sq.ft in 2024, which is an increase of 11%.

Overall, from 2002 to 2024, the guideline value has increased by 1,567%. The register has no figures for the years between these revisions.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 2,800 per sq.ft. Seenivasa Street's 2024 figure of Rs 3,900 per sq.ft is above this median.

• Selvaganapathi Koil Street: Rs 2,800 per sq.ft (2024)
• Selvaganapathi Koil Street North: Rs 2,800 per sq.ft (2024)
• Selvaganapathi Koil Street South: Rs 2,800 per sq.ft (2024)
• Sengazhani Amman Street: Rs 2,200 per sq.ft (2024)
• Sathiyanarayana Street: Rs 3,900 per sq.ft (2024)
• Sankar Nagar Main Road: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Seenivasa Street

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Seenivasa Street?

The Sub Registrar Office that covers Seenivasa Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately. This helps maintain transparency in property dealings and ensures that the correct fees are collected based on the established guideline values.

Frequently asked questions

What is the current guideline value of Seenivasa Street?

The current guideline value of Seenivasa Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 234 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1,567% over the years.

What is the land classification of Seenivasa Street?

Seenivasa Street is classified as Residential Class I Type - III under the Alandur SRO.

What are the stamp duty and registration fees for property in Seenivasa Street?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Where is the Sub Registrar Office for Seenivasa Street located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.