Guideline Value for Seethapathy St, Main Road ( Ward No.11 )

Seethapathy St, Main Road ( Ward No.11 ) guideline value

The current guideline value of Seethapathy St, Main Road ( Ward No.11 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Seethapathy St, Main Road ( Ward No.11 ) has changed

Over the years, the guideline value of Seethapathy St has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. However, from 2017 to the 2024 revision, the guideline value increased significantly to Rs 1,600 per sq.ft, marking a 59% rise. Overall, from the 2012 figure to the current 2024 figure, there has been a 33% increase.

It is important to note that there are no figures available for the years 2023, 2007, 2003, and 2002 for this street. This lack of data indicates that the guideline value remained unrecorded during those revisions.

Guideline values in Madhavaram

Madhavaram village has a total of 1,946 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, which aligns with the current value of Seethapathy St, Main Road ( Ward No.11 ).

• Seethapathy St (Ward-11): Rs 1,600 per sq.ft (2024)
• Seethapathy Cross st ( Ward No.11 ): Rs 1,600 per sq.ft (2024)
• Seethapathi Street: Rs 1,600 per sq.ft (2024)
• Seethapathi 1st Street (Sri Guru Ragavendra Nagar): Rs 1,600 per sq.ft (2024)
• Seeyalam Naicker Street (Periya Sekkadu): Rs 1,600 per sq.ft (2024)
• Seeyala Nayakkan Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Seethapathy St, Main Road ( Ward No.11 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seethapathy St, Main Road ( Ward No.11 )?

The Sub Registrar Office that covers Seethapathy St, Main Road ( Ward No.11 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Seethapathy St, Main Road ( Ward No.11 )?

The current guideline value of Seethapathy St, Main Road ( Ward No.11 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then increased to Rs 1,600 per sq.ft in 2024. This represents a 33% overall increase from 2012 to 2024.

Is there any guideline value for the years 2002, 2003, 2007, and 2023?

No, the register has no figures for Seethapathy St for the years 2002, 2003, 2007, and 2023.

What are the stamp duty rates applicable in Madhavaram?

The stamp duty rate in Madhavaram is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.