Guideline Value for Seeyalan Street ( Ward No.1 )

Seeyalan Street ( Ward No.1 ) guideline value

The current guideline value of Seeyalan Street ( Ward No.1 ) 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 Seeyalan Street ( Ward No.1 ) has changed

The guideline value for Seeyalan Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, which is a significant increase from the 2017 revision where the value was Rs 1,005 per sq.ft. The change from 2017 to 2024 represents a 59% increase. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002.

In summary, the guideline value for Seeyalan Street has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024. The absence of figures for the other years indicates that there were no registered values for this street during those revisions.

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 for these streets is Rs 1,600 per sq.ft, which aligns with the current value for Seeyalan Street.

• Seeyala Nayakkan Street: Rs 1,600 per sq.ft (2024)
• Seeyalam Naicker Street (Periya Sekkadu): Rs 1,600 per sq.ft (2024)
• Seethapathy St (Ward-11): Rs 1,600 per sq.ft (2024)
• Seethapathy St, Main Road ( Ward No.11 ): Rs 1,600 per sq.ft (2024)
• Seethapathy Cross st ( Ward No.11 ): Rs 1,600 per sq.ft (2024)
• Seethapathi Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Seeyalan Street ( Ward No.1 )

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 is charged at 7%, totaling Rs 1,12,000, while the registration fee at 2% amounts to Rs 32,000. Therefore, the total cost for stamp duty and registration fee together is Rs 1,44,000. It is important to note that 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 Seeyalan Street ( Ward No.1 )?

The Sub Registrar Office that covers Seeyalan Street ( Ward No.1 ) 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 critical factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the transaction.

When a property is bought or sold, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Seeyalan Street ( Ward No.1 )?

The current guideline value of Seeyalan Street ( Ward No.1 ) 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 in 2024, marking a 59% increase.

Are there any years without a guideline value for Seeyalan Street?

Yes, the register has no figures for Seeyalan Street in the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Madhavaram?

The median guideline value for streets in Madhavaram is Rs 1,600 per sq.ft, which is the same as the current value for Seeyalan Street.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.