Guideline Value for Seetha Ram Nagar 3rd Cross Street

Seetha Ram Nagar 3rd Cross Street guideline value

The current guideline value for Seetha Ram Nagar 3rd Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Seetha Ram Nagar 3rd Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. This value decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the guideline value increased significantly to Rs 2,700 per sq.ft, which is a rise of 61%.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 8%. It is important to note that the guideline register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is the same as the current value for Seetha Ram Nagar 3rd Cross Street.

• Seetha Ram Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Seetha Ram Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Seetha Ram Nagar 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Seetha Ram Nagar 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Seetha Ram Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Seetha Ram Nagar 4th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Seetha Ram Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, this totals Rs 2,43,000. 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 Seetha Ram Nagar 3rd Cross Street?

The Sub Registrar Office that covers Seetha Ram Nagar 3rd Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. This value is used to calculate the fees based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Seetha Ram Nagar 3rd Cross Street?

The current guideline value of Seetha Ram Nagar 3rd Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has changed from Rs 2,500 per sq.ft to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,700 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023.

What is the land classification for Seetha Ram Nagar 3rd Cross Street?

Seetha Ram Nagar 3rd Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,00,000. The stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where is the Sub Registrar Office located for this area?

The Madhavaram Sub Registrar Office, which covers Seetha Ram Nagar 3rd Cross Street, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.