Guideline Value for Seerisabaratinam Street

Seerisabaratinam Street guideline value

The current guideline value of Seerisabaratinam Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village, under the Tiruvallur Joint 1 SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Seerisabaratinam Street has changed

The guideline value for Seerisabaratinam Street has undergone several revisions over the years. In 2007, the guideline value was Rs 320 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased to Rs 670 per sq.ft in 2017. The value saw a substantial increase to Rs 1,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 1,100 per sq.ft. The changes between these revisions include a 213% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

It is important to note that there are no figures available for Seerisabaratinam Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 244%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which matches the current guideline value of Seerisabaratinam Street.

• Sembaruthi Cross Street: Rs 550 per sq.ft (2024)
• Sembaruthi Nagar: Rs 1,100 per sq.ft (2024)
• Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)
• Seran Street: Rs 1,100 per sq.ft (2024)
• Sannathin Street: Rs 2,750 per sq.ft (2024)
• Sangeeth Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Seerisabaratinam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seerisabaratinam Street?

The Sub Registrar Office that covers Seerisabaratinam Street 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 Thiruvallur

The guideline value is a crucial factor during the registration of property transactions in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Seerisabaratinam Street?

The current guideline value of Seerisabaratinam Street 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 seen several changes, increasing from Rs 320 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with notable fluctuations in between.

What is the median guideline value in Thiruvallur?

The median guideline value for the 172 streets in Thiruvallur under the Tiruvallur Joint 1 SRO is Rs 1,100 per sq.ft, which is the same as that of Seerisabaratinam Street.

What are the stamp duty rates for properties in Thiruvallur?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same amount.

Where can I find the Sub Registrar Office for Seerisabaratinam Street?

The Tiruvallur Joint 1 Sub Registrar Office, which covers Seerisabaratinam Street, is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.