Guideline Value for Seethammal Street(Rajammal nagar)

Seethammal Street(Rajammal nagar) guideline value

The current guideline value of Seethammal Street (Rajammal nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Seethammal Street(Rajammal nagar) has changed

The guideline value for Seethammal Street has undergone several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, in 2017, it dropped to Rs 804 per sq.ft. The value then rose to Rs 1,200 per sq.ft in 2023, before reaching the current figure of Rs 1,300 per sq.ft in 2024. The changes between these revisions are notable: from 2007 to 2012, there was a +200% increase; from 2012 to 2017, it decreased by -33%; from 2017 to 2023, it increased by +49%; and finally, from 2023 to 2024, it rose by +8%. Overall, from 2007 to 2024, the guideline value has increased by +225%.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, which is the same as the current value for Seethammal Street.

• Selva Vinayagar Koil Cross Street (Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Selva Vinayagar Koil Street (Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Shankar Avenue: Rs 1,600 per sq.ft (2024)
• Santhu street: Rs 880 per sq.ft (2024)
• Santhosh nagar 2nd street (Santhosh nagar): Rs 1,100 per sq.ft (2024)
• Santhosh nagar 1st Street (Santhosh Nagar): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Seethammal Street(Rajammal nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, making the total cost for these fees Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Seethammal Street(Rajammal nagar)?

The Sub Registrar Office that covers Seethammal Street (Rajammal nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Ayappakkam. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is compared against the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate taxes based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Seethammal Street(Rajammal nagar)?

The current guideline value of Seethammal Street (Rajammal nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 400 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of +225% over the years.

What is the land classification for Seethammal Street(Rajammal nagar)?

The land classification for Seethammal Street (Rajammal nagar) is Residential Class I Type - I.

Where is the Sub Registrar Office located for Seethammal Street(Rajammal nagar)?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ayappakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 13,00,000 would incur a stamp duty of Rs 91,000 at 7%.