Guideline Value for Seevagasindhamani Street

Seevagasindhamani Street guideline value

The current guideline value of Seevagasindhamani Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Seevagasindhamani Street has changed

The guideline value for Seevagasindhamani Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,200 per sq.ft in the 2023 revision and finally reached Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. It is important to note that the register has no figure for this street in the years 2002, 2003, and 2007.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, indicating that Seevagasindhamani Street's current guideline value is below the median.

• Senbagam Street: Rs 1,320 per sq.ft (2024)
• Sathyamurthy Street: Rs 2,200 per sq.ft (2024)
• Sathyamurthi Street Extension: Rs 1,650 per sq.ft (2024)
• Senthil Murugan Street: Rs 1,980 per sq.ft (2024)
• Sathiyamoorthy 1st Cross st: Rs 1,650 per sq.ft (2024)
• Shankar Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Seevagasindhamani Street

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seevagasindhamani Street?

The Sub Registrar Office that covers Seevagasindhamani Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peerklankaranai. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it directly impacts the overall cost of the transaction. It is advisable to check the latest guideline values to ensure accurate calculations for any property dealings in the area.

Frequently asked questions

What is the current guideline value of Seevagasindhamani Street?

The current guideline value of Seevagasindhamani Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally reaching Rs 1,320 per sq.ft in 2024.

What is the land classification for Seevagasindhamani Street?

The land classification for Seevagasindhamani Street is Residential Class I Type - III.

Where can I find the Sub Registrar Office for Seevagasindhamani Street?

The Sub Registrar Office for Seevagasindhamani Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,20,000, the total fees would amount to Rs 1,18,800.