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Guideline Value

Corporate

Guideline Value for Sekar Avenue Stage I & II

₹2970/sq.ft.

The guideline value for Sekar Avenue Stage I & Ii in Mogalivakkam village (Kunrathur SRO, Chennai zone) is Rs 2970 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mogalivakkam

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2970 /sq.ft.
From 1-4-2023 ₹2700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1809 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Sekar Avenue Stage I & Ii

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Sekar Avenue Stage I & II guideline value

The current guideline value of Sekar Avenue Stage I & II is Rs 2,970 per sq.ft, effective from 1 July 2024. This property is located in Mogalivakkam village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sekar Avenue Stage I & II has changed

Over the years, the guideline value of Sekar Avenue Stage I & II has seen significant changes. The earliest recorded figure is from 2007, where the guideline value was Rs 600 per sq.ft. This increased dramatically to Rs 2,700 per sq.ft in 2012, marking a rise of 350%. However, between 2012 and 2017, the value decreased to Rs 1,809 per sq.ft, a decline of 33%. The value then rose again to Rs 2,700 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 2,970 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 395%.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,970 per sq.ft, which is equal to the current guideline value of Sekar Avenue Stage I & II.

Stamp duty and registration fee for property in Sekar Avenue Stage I & II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400. Therefore, the total cost for stamp duty and registration would be Rs 2,67,300. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sekar Avenue Stage I & II?

The Sub Registrar Office that covers Sekar Avenue Stage I & II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mogalivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the property is not sold for less than its assessed value, which helps maintain transparency in property transactions.

When registering a property, buyers and sellers must consider the guideline value, as the stamp duty and registration fees are calculated based on this value. This means that understanding the guideline value is essential for anyone looking to engage in real estate transactions in the area.

Frequently asked questions

What is the current guideline value of Sekar Avenue Stage I & II?

The current guideline value of Sekar Avenue Stage I & II is Rs 2,970 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 600 per sq.ft to Rs 2,970 per sq.ft in 2024, reflecting an overall increase of 395%.

What is the land classification of Sekar Avenue Stage I & II?

Sekar Avenue Stage I & II is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Sekar Avenue Stage I & II?

The Sub Registrar Office for Sekar Avenue Stage I & II is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated for properties in Mogalivakkam?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 2,67,300.