Guideline Value for Seetharamapuram

Seetharamapuram guideline value

The current guideline value of Seetharamapuram is Rs 1,760 per sq.ft, effective from 1 July 2024. This village falls under the Kunrathur Sub Registrar Office (SRO) and is classified as Residential Class I Type - III.

How the guideline value of Seetharamapuram has changed

The guideline value for Seetharamapuram has seen significant changes over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, positioning Seetharamapuram's 2024 figure below this median.

• Selvaganapathy Nagar: Rs 1,980 per sq.ft (2024)
• School Street: Rs 1,760 per sq.ft (2024)
• Senthamizh Nagar: Rs 2,200 per sq.ft (2024)
• Senthamizh Nagar Phase III: Rs 2,200 per sq.ft (2024)
• Senthurpuram: Rs 1,830 per sq.ft (2024)
• Sathiya Nagar: Rs 1,480 per sq.ft (2024)

Stamp duty and registration fee for property in Seetharamapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Seetharamapuram?

The Seetharamapuram area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor in the registration process when buying or selling property in Mangadu -A. It determines the stamp duty and registration fees that must be paid at the time of registration.

Buyers should be aware that the guideline value is set by the government and reflects the minimum value at which property transactions are registered. This ensures transparency and helps in the assessment of taxes related to property transactions.

Frequently asked questions

What is the current guideline value of Seetharamapuram?

The current guideline value of Seetharamapuram is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64% from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024.

What is the median guideline value for streets in Mangadu -A?

The median guideline value for streets in Mangadu -A is Rs 1,870 per sq.ft, with Seetharamapuram's value being below this median.

What are the stamp duty rates for property in Seetharamapuram?

The stamp duty for property in Seetharamapuram is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Seetharamapuram?

The Kunrathur Sub Registrar Office, which covers Seetharamapuram, is located at No.59, Road Street, Kundrathur, Chennai -600 069.