Guideline Value for Sekar Avenue

Sekar Avenue guideline value

The current guideline value of Sekar Avenue in Puthuper village, under the Sriperumpudur SRO, is Rs 410 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Sekar Avenue has changed

The guideline value for Sekar Avenue has undergone several revisions over the years. In 2012, the value was set at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, the 2023 revision raised the value to Rs 400 per sq.ft, and the most recent 2024 revision increased it to Rs 410 per sq.ft, marking a 3% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Looking at the changes, the value increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 3%.

Guideline values in Puthuper

In Puthuper village, there are 39 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,350 per sq.ft, with a median value of Rs 400 per sq.ft. Sekar Avenue's 2024 guideline value of Rs 410 per sq.ft is above this median.

• Sivashanmugam Nagar: Rs 400 per sq.ft (2024)
• Sivashanmugam Nagar Annex: Rs 400 per sq.ft (2024)
• Sivashanmugam Nagar Annex-III: Rs 400 per sq.ft (2024)
• Royal City: Rs 400 per sq.ft (2024)
• Sri Ganapathy Garden: Rs 400 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sekar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 410 per sq.ft, the total guideline value would be Rs 4,10,000. The stamp duty at 7% would amount to Rs 28,700, and the registration fee at 2% would be Rs 8,200, totaling Rs 36,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sekar Avenue?

The Sub Registrar Office that covers Sekar Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Puthuper, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sekar Avenue?

The current guideline value of Sekar Avenue is Rs 410 per sq.ft, effective from 1 July 2024.

How has the guideline value of Sekar Avenue changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 410 per sq.ft in 2024.

What is the land classification for Sekar Avenue?

The land classification for Sekar Avenue is Mixed Type - I.

What other streets in Puthuper have a guideline value?

Other streets in Puthuper include Sivashanmugam Nagar, Sivashanmugam Nagar Annex, Sivashanmugam Nagar Annex-III, Royal City, Sri Ganapathy Garden, and Sri Mahalakshmi Nagar, all with a guideline value of Rs 400 per sq.ft in 2024.

Where is the Sub Registrar Office for Sekar Avenue located?

The Sub Registrar Office for Sekar Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.