Guideline Value

Corporate

Guideline Value for Seethapathy Nagar Kambar Street

₹4400/sq.ft.

The guideline value for Seethapathy Nagar Kambar 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 N/A
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 Kambar Street

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Seethapathy Nagar Kambar Street guideline value

The current guideline value of Seethapathy Nagar Kambar 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 Kambar Street has changed

In the 2017 revision, the guideline value for Seethapathy Nagar Kambar Street was Rs 2,680 per sq.ft. The most recent revision in 2024 saw a significant increase of 64%, bringing the guideline value to Rs 4,400 per sq.ft. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2024, the guideline value increased from Rs 2,680 to Rs 4,400 per sq.ft. This change reflects the adjustments made in the valuation process, aligning with the current market conditions.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is the same as the guideline value for Seethapathy Nagar Kambar Street.

Stamp duty and registration fee for property in Seethapathy Nagar Kambar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be 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, totaling Rs 3,96,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Seethapathy Nagar Kambar Street?

The Seethapathy Nagar Kambar Street is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with government regulations.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees applicable to the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Seethapathy Nagar Kambar Street?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft in 2024, marking a 64% rise. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Seethapathy Nagar Kambar Street?

Seethapathy Nagar Kambar Street is classified as Residential Class II Type - II. This classification indicates the type of development and usage permitted in the area.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

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

The Velacheri Sub Registrar Office covers Seethapathy Nagar Kambar Street and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find more information through the provided link.