Guideline Value for Seethalai Sathanar Street

Seethalai Sathanar Street guideline value

The current guideline value of Seethalai Sathanar Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, classified as Residential Class II Type - II.

How the guideline value of Seethalai Sathanar Street has changed

The guideline value for Seethalai Sathanar Street has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,206 per sq.ft. This represents a change of +64% to the current value of Rs 1,980 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002.

From 2017 to 2024, the increase in the guideline value reflects the updated assessment of the street. The 2024 figure of Rs 1,980 per sq.ft is a notable rise compared to the previous revision in 2017.

Guideline values in Pammal

Pammal village has 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in Pammal is Rs 2,090 per sq.ft, indicating that Seethalai Sathanar Street's 2024 value is below this median.

• Seethalai Sathanar Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Secretariat Colony (All Streets): Rs 1,760 per sq.ft (2024)
• Sehik Mohammed Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Sellammal Street / Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Sellappan Street: Rs 1,760 per sq.ft (2024)
• Sellappa Street / Lord Srinivasa Colony: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Seethalai Sathanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. 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 Seethalai Sathanar Street?

The Sub Registrar Office that covers Seethalai Sathanar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Pammal. It is used to determine the stamp duty and registration fees that need to be paid during the registration of property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as per the government's assessment. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Seethalai Sathanar Street?

The current guideline value of Seethalai Sathanar Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, reflecting a +64% increase. The register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft. Seethalai Sathanar Street's 2024 guideline value of Rs 1,980 per sq.ft is below this median.

What are the stamp duty rates for property in Seethalai Sathanar Street?

The stamp duty rate for property transactions is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600.

Where is the Sub Registrar Office for Seethalai Sathanar Street located?

The Sub Registrar Office for Seethalai Sathanar Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.