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Guideline Value

Corporate

Guideline Value for Seetharam Nagar (Dr) 2nd Street

₹5500/sq.ft.

The guideline value for Seetharam Nagar (dr) 2nd Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. 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 N/A
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) 2nd Street

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Seetharam Nagar (Dr) 2nd Street guideline value

The current guideline value of Seetharam Nagar (Dr) 2nd 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) 2nd Street has changed

In the 2012 revision, the guideline value was set at Rs 5,000 per sq.ft. This figure decreased to Rs 3,350 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the guideline value saw a significant increase of 64%, bringing it to the current rate of Rs 5,500 per sq.ft.

Overall, comparing the figures from 2012 to 2024, there has been a modest increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, 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 for these streets is Rs 4,400 per sq.ft, indicating that the guideline value of Seetharam Nagar (Dr) 2nd Street is above this median.

Stamp duty and registration fee for property in Seetharam Nagar (Dr) 2nd Street

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

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Seetharam Nagar (Dr) 2nd Street?

The Seetharam Nagar (Dr) 2nd Street falls under the jurisdiction of the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value plays a critical role in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately and complies with local regulations. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Seetharam Nagar (Dr) 2nd Street?

The current guideline value of Seetharam Nagar (Dr) 2nd 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 fluctuated, starting at Rs 5,000 per sq.ft in 2012, dropping to Rs 3,350 per sq.ft in 2017, and then rising to Rs 5,500 per sq.ft in 2024.

What is the land classification for Seetharam Nagar (Dr) 2nd Street?

Seetharam Nagar (Dr) 2nd 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) 2nd Street?

The registration office covering Seetharam Nagar (Dr) 2nd 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 Seetharam Nagar (Dr) 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 55,00,000 would incur a stamp duty of Rs 3,85,000 at 7%.