Guideline Value for Seetha Ram Nagar 3rd Street

Seetha Ram Nagar 3rd Street guideline value

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

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

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2024 revision, the value increased significantly to Rs 2,700 per sq.ft, which is a rise of 61%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 8%.

The register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value of Seetha Ram Nagar 3rd Street.

• Seetha Ram Nagar 3rd 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 2nd Street: Rs 2,700 per sq.ft (2024)
• Seetha Ram Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Seetha Ram Nagar 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Seetha Ram Nagar 5th Cross Street: Rs 2,700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total fees together Rs 2,43,000. 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 more details.

Which Sub Registrar Office covers Seetha Ram Nagar 3rd Street?

The Seetha Ram Nagar 3rd Street falls under 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 used as a benchmark for property transactions in Kodungaiyur. It plays a crucial role in determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is registered, the guideline value is considered to ensure that the correct fees are calculated. This value helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,700 per sq.ft in 2024. Overall, from 2012 to 2024, there has been an 8% increase.

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

Seetha Ram Nagar 3rd Street is classified as Residential Class I Type - I.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in Seetha Ram Nagar 3rd Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

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