Guideline Value

Corporate

Guideline Value for Seetha Nagar Main Road

₹8800/sq.ft.

The guideline value for Seetha Nagar Main Road in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 ₹2902 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24331038
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Seetha Nagar Main Road

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Seetha Nagar Main Road guideline value

The current guideline value of Seetha Nagar Main Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This road is located in Nungambakkam village, under the Chennai Central Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Seetha Nagar Main Road has changed

The guideline value for Seetha Nagar Main Road has seen several revisions over the years. In 2002, the value was Rs 2,902 per sq.ft, which increased to Rs 4,000 per sq.ft in 2007, marking a 38% rise. By 2012, the value was revised to Rs 8,000 per sq.ft, reflecting a significant 100% increase. However, in 2017, the value dropped to Rs 5,360 per sq.ft, a decrease of 33%. The value then rose again to Rs 8,000 per sq.ft in 2023, and most recently, to Rs 8,800 per sq.ft in 2024, indicating a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 203%. It is important to note that the register has no figure for the year 2003 for this street.

Guideline values in Nungambakkam

In Nungambakkam, there are 270 streets under the Chennai Central Joint II SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 22,000 per sq.ft. The median value is Rs 8,800 per sq.ft, which is equal to the current guideline value of Seetha Nagar Main Road.

Stamp duty and registration fee for property in Seetha Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, making the total cost Rs 7,92,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Seetha Nagar Main Road?

The Sub Registrar Office that covers Seetha Nagar Main Road is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nungambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration norms.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Seetha Nagar Main Road?

The current guideline value of Seetha Nagar Main Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,902 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 203% over the years.

What is the stamp duty rate for properties in Seetha Nagar Main Road?

The stamp duty rate for properties in Seetha Nagar Main Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Sub Registrar Office covering Seetha Nagar Main Road is located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What are the guideline values of other streets in Nungambakkam?

Other streets in Nungambakkam have varying guideline values, with Seetha Nagar 4th, 3rd, 2nd, and 1st Streets each at Rs 6,600 per sq.ft, Selvam Nagar at Rs 7,700 per sq.ft, and School Road at Rs 7,100 per sq.ft as of 2024.