Guideline Value

Corporate

Guideline Value for Seethapathy Nagar Extn 1st Cross Street

₹4400/sq.ft.

The guideline value for Seethapathy Nagar Extn 1st Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Seethapathy Nagar Extn 1st Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Seethapathy Nagar Extn 1st Cross Street guideline value

The current guideline value of Seethapathy Nagar Extn 1st Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO and is classified as Residential Class II Type - II.

How the guideline value of Seethapathy Nagar Extn 1st Cross Street has changed

The guideline value for Seethapathy Nagar Extn 1st Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 2,000 per sq.ft, which increased to Rs 2,680 per sq.ft in 2017, marking a change of 34%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting a significant increase of 64% from the 2017 figure. The overall increase from 2007 to 2024 is 120%.

It should be noted that there are no figures available for the revisions in 2002, 2003, 2012, and 2023 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current guideline value of Seethapathy Nagar Extn 1st Cross Street.

Stamp duty and registration fee for property in Seethapathy Nagar Extn 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost together to Rs 3,96,000. 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 Seethapathy Nagar Extn 1st Cross Street?

The Sub Registrar Office that covers Seethapathy Nagar Extn 1st Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Velachery. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized valuation of the property.

When buying or selling property, the guideline value is referenced to determine the applicable fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which means that it is essential to understand the current guideline value to accurately estimate total costs during a transaction.

Frequently asked questions

What is the current guideline value of Seethapathy Nagar Extn 1st Cross Street?

The current guideline value of Seethapathy Nagar Extn 1st Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 2,000 per sq.ft to Rs 4,400 per sq.ft in 2024, marking an overall increase of 120%. The most significant change occurred between 2017 and 2024, with a rise of 64%.

Which Sub Registrar Office covers this street?

The Velacheri Sub Registrar Office covers Seethapathy Nagar Extn 1st Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000. These fees are based on the guideline value or the sale price, whichever is higher.

Are there other streets with the same guideline value?

Yes, there are several other streets in Velachery that share the same guideline value of Rs 4,400 per sq.ft, including Seethapathy Nagar Extn, Seethapathy Nagar Extn 2nd Cross Street, and others.