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Guideline Value

Corporate

Guideline Value for Seeyalam Lane 1 to 4 Streets

₹2400/sq.ft.

The guideline value for Seeyalam Lane 1 To 4 Streets in Malligaicherry village (Konnur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Malligaicherry

Village

Konnur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
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)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Seeyalam Lane 1 To 4 Streets

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Seeyalam Lane 1 to 4 Streets guideline value

The current guideline value for Seeyalam Lane 1 to 4 Streets in Malligaicherry village, under the Konnur SRO, is Rs 2,400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Seeyalam Lane 1 to 4 Streets has changed

The guideline value for Seeyalam Lane 1 to 4 Streets has undergone several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased significantly to Rs 2,250 per sq.ft in 2012. However, it saw a decrease to Rs 1,507 per sq.ft in 2017. Following this, the value rose to Rs 2,250 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024, marking a 7% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 200%. The revisions for the years 2002 and 2003 do not have any figures listed for this street in the register.

Guideline values in Malligaicherry

In Malligaicherry, there are 49 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which is equal to the 2024 figure for Seeyalam Lane 1 to 4 Streets.

Stamp duty and registration fee for property in Seeyalam Lane 1 to 4 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees together to Rs 2,16,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seeyalam Lane 1 to 4 Streets?

The Seeyalam Lane 1 to 4 Streets are covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Malligaicherry. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both buyers and sellers are aware of their financial obligations. This process helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Seeyalam Lane 1 to 4 Streets?

The current guideline value for Seeyalam Lane 1 to 4 Streets is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 200% over this period.

What is the registration office for Seeyalam Lane 1 to 4 Streets?

The registration office for Seeyalam Lane 1 to 4 Streets is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at a rate of 7%.

What are the other streets in Malligaicherry with similar guideline values?

Other streets in Malligaicherry with a guideline value of Rs 2,400 per sq.ft include Seeyalam II Cross Street, Seeyalam I Cross Street, Siyallan First Street, Siyallan Second Street, and Rajivgandhi Nagar & Streets.