Guideline Value for Seethapathi Nagar Phase IV

Seethapathi Nagar Phase IV guideline value

The current guideline value of Seethapathi Nagar Phase IV is Rs 1,300 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Seethapathi Nagar Phase IV has changed

The guideline value for Seethapathi Nagar Phase IV has seen several revisions over the years. In 2012, the guideline value was Rs 1,300 per sq.ft, which remained unchanged until the next revision in 2017, where it dropped to Rs 871 per sq.ft. However, the 2023 revision saw a significant increase to Rs 1,300 per sq.ft again, marking a 49% rise from the 2017 figure. Overall, from 2012 to 2023, the guideline value has remained constant at Rs 1,300 per sq.ft.

The revisions for the years 2002, 2003, 2007, and 2024 do not have any figures recorded for this street in the register.

Guideline values in Nalambakkam

Currently, there are no village figures available for Nalambakkam. Seethapathi Nagar Phase IV is one of the areas under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Seethapathi Nagar Phase IV

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total costs together to 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 further calculations.

Which Sub Registrar Office covers Seethapathi Nagar Phase IV?

The Seethapathi Nagar Phase IV area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

When buying or selling property in Seethapathi Nagar Phase IV, the guideline value plays a crucial role during the registration process. The guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded at a value recognized by the government.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the costs associated with property transactions. Understanding these figures can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Seethapathi Nagar Phase IV?

The current guideline value of Seethapathi Nagar Phase IV is Rs 1,300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations. It was Rs 1,300 per sq.ft in 2012, decreased to Rs 871 per sq.ft in 2017, and returned to Rs 1,300 per sq.ft in 2023.

What is the stamp duty for property in Seethapathi Nagar Phase IV?

The stamp duty for property in Seethapathi Nagar Phase IV is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 13,00,000, the stamp duty would be Rs 91,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors including land classification. It is updated periodically through revisions, with the latest revision for Seethapathi Nagar Phase IV being in 2023.