Guideline Value

Corporate

Guideline Value for Seethapathy Nagar Kokilam Street

₹4400/sq.ft.

The guideline value for Seethapathy Nagar Kokilam 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 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
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 Kokilam Street

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Seethapathy Nagar Kokilam Street guideline value

The current guideline value of Seethapathy Nagar Kokilam Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Seethapathy Nagar Kokilam Street has changed

The guideline value for Seethapathy Nagar Kokilam Street has undergone several revisions over the years. The oldest available figure is from the 2012 revision, which was Rs 4,000 per sq.ft. The most recent revision in 2024 shows an increase of 10%, bringing the guideline value to Rs 4,400 per sq.ft.

There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. The 2024 figure of Rs 4,400 per sq.ft is equal to the median value of Rs 4,400 per sq.ft for the 2,691 streets in Velachery under the Velacheri SRO.

Guideline values in Velachery

In Velachery, the guideline values range from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. Seethapathy Nagar Kokilam Street's current guideline value aligns with this median.

Stamp duty and registration fee for property in Seethapathy Nagar Kokilam 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 amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Seethapathy Nagar Kokilam Street?

The Sub Registrar Office covering Seethapathy Nagar Kokilam 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 is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Velachery. It serves as a benchmark for the minimum value at which properties can be registered, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the actual sale price. This ensures that the transaction is recorded accurately and that the necessary taxes are collected based on the property's value.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value increased from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024, marking a 10% increase. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Seethapathy Nagar Kokilam Street?

The land classification for Seethapathy Nagar Kokilam Street is Residential Class II Type - II. This classification determines the type of development and usage permitted in the area.

Where can I find the registration office for this street?

The registration office for Seethapathy Nagar Kokilam Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Velachery?

Stamp duty for properties in Velachery is calculated based on the higher of the guideline value or the actual sale price. The current rate is 7% for stamp duty and 2% for the registration fee.