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Guideline Value

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Guideline Value for Seeyalam Naicker Street (Periya Sekkadu)

₹1600/sq.ft.

The guideline value for Seeyalam Naicker Street (periya Sekkadu) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[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 Naicker Street (periya Sekkadu)

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Seeyalam Naicker Street (Periya Sekkadu) guideline value

The current guideline value of Seeyalam Naicker Street (Periya Sekkadu) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Seeyalam Naicker Street (Periya Sekkadu) has changed

The guideline value for Seeyalam Naicker Street (Periya Sekkadu) has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. With the latest 2024 revision, it has increased to Rs 1,600 per sq.ft, marking a rise of 59% from the previous figure.

There have been no figures recorded for the years 2023, 2012, 2007, 2003, and 2002 for this street in the register. Therefore, the only revisions with recorded figures are from 2017 and 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value is Rs 1,600 per sq.ft, which is equal to the current guideline value of Seeyalam Naicker Street (Periya Sekkadu).

Stamp duty and registration fee for property in Seeyalam Naicker Street (Periya Sekkadu)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, leading to a combined total of Rs 1,44,000. 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 further calculations.

Which Sub Registrar Office covers Seeyalam Naicker Street (Periya Sekkadu)?

The Sub Registrar Office that covers Seeyalam Naicker Street (Periya Sekkadu) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers must be aware of the current guideline value to accurately calculate their costs during the registration process.

Frequently asked questions

What is the current guideline value of Seeyalam Naicker Street (Periya Sekkadu)?

The current guideline value of Seeyalam Naicker Street (Periya Sekkadu) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,600 per sq.ft, which is a rise of 59%.

What are the other streets in Madhavaram with the same guideline value?

Several other streets in Madhavaram also have a guideline value of Rs 1,600 per sq.ft in 2024, including Seeyala Nayakkan Street, Seeyalan Street (Ward No.1), and Seethapathy St (Ward-11).

What is the registration office for Seeyalam Naicker Street (Periya Sekkadu)?

The registration office for Seeyalam Naicker Street (Periya Sekkadu) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Madhavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.