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Guideline Value

Corporate

Guideline Value for Seetharam Nagar (Dr) 1st Street

₹5500/sq.ft.

The guideline value for Seetharam Nagar (dr) 1st Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /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 Seetharam Nagar (dr) 1st Street

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Seetharam Nagar (Dr) 1st Street guideline value

The current guideline value of Seetharam Nagar (Dr) 1st Street is Rs 5,500 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 I Type - III.

How the guideline value of Seetharam Nagar (Dr) 1st Street has changed

The guideline value for Seetharam Nagar (Dr) 1st Street has seen several revisions over the years. The 2012 revision was set at Rs 5,000 per sq.ft, which decreased to Rs 3,350 per sq.ft in the 2017 revision. This was a decline of 33%. Subsequently, the value increased significantly to Rs 5,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 5,500 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, placing the current figure for Seetharam Nagar (Dr) 1st Street above this median.

Stamp duty and registration fee for property in Seetharam Nagar (Dr) 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seetharam Nagar (Dr) 1st Street?

The Sub Registrar Office that covers Seetharam Nagar (Dr) 1st 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 an essential factor during the registration of property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the fees based on the higher of the guideline value or the sale price. This ensures that the appropriate taxes are collected based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Seetharam Nagar (Dr) 1st Street?

The current guideline value of Seetharam Nagar (Dr) 1st Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 5,000 to Rs 3,350 in 2017, then back to Rs 5,000 in 2023, and finally to Rs 5,500 in 2024. Overall, from 2012 to 2024, there has been a 10% increase.

What is the land classification for Seetharam Nagar (Dr) 1st Street?

Seetharam Nagar (Dr) 1st Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the registration office for Seetharam Nagar (Dr) 1st Street?

The registration office for Seetharam Nagar (Dr) 1st Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in Seetharam Nagar (Dr) 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 55,00,000 would incur a stamp duty of Rs 3,85,000, along with a registration fee of Rs 1,10,000.