Guideline Value for Seevagasinthamani Street

Seevagasinthamani Street guideline value

The current guideline value of Seevagasinthamani Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Seevagasinthamani Street has changed

The guideline value for Seevagasinthamani Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 1,675 per sq.ft. In the 2023 revision, the value increased to Rs 2,500 per sq.ft, and the latest 2024 revision raised it further to Rs 2,700 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 shows a modest increase of 8%.

Guideline values in Rajakilpakkam

In Rajakilpakkam village, there are 384 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median value is Rs 2,150 per sq.ft, placing Seevagasinthamani Street's 2024 figure above this median.

• Sekaran Street: Rs 880 per sq.ft (2024)
• Sengothai Amman Koil Street: Rs 3,750 per sq.ft (2024)
• Sathya Sai Nagar: Rs 4,000 per sq.ft (2024)
• Sathiya Sai Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Sathiya Sai Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Sathiya Sai Nagar 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Seevagasinthamani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Seevagasinthamani Street?

The Sub Registrar Office that covers Seevagasinthamani Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Rajakilpakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any unexpected costs during the registration process. Understanding the guideline value helps in making informed decisions regarding property transactions.

Frequently asked questions

What is the current guideline value of Seevagasinthamani Street?

The current guideline value of Seevagasinthamani Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, which is an increase of 8%. The value was Rs 1,675 per sq.ft in 2017, showing a significant increase of 49% from 2017 to 2023.

What is the land classification for Seevagasinthamani Street?

Seevagasinthamani Street is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for property in Seevagasinthamani Street?

For a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000.

Where is the Sub Registrar Office for Seevagasinthamani Street located?

The Sub Registrar Office covering Seevagasinthamani Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.