Guideline Value for Sekar Nagar

Sekar Nagar guideline value

The current guideline value of Sekar Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Kottivakkam village and falls under the Adayar SRO. The land classification for this street is Residential Class V Type - III.

How the guideline value of Sekar Nagar has changed

The guideline value for Sekar Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 257 per sq.ft, which increased to Rs 306 per sq.ft in 2003. Following this, the value surged to Rs 1,000 per sq.ft in 2007, marking a significant increase of 227%. The value then rose to Rs 1,500 per sq.ft in 2012, but experienced a decrease of 33% to Rs 1,005 per sq.ft in 2017. The most recent revisions show an increase to Rs 1,500 per sq.ft in 2023, followed by a further increase to Rs 1,700 per sq.ft in 2024, which is a rise of 13%.

Overall, from 2002 to 2024, the guideline value has increased by 561%. There are no figures available for the years between these revisions for Sekar Nagar.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, making Sekar Nagar's current guideline value below the median.

• Selvaraj Avenue: Rs 3,900 per sq.ft (2024)
• Senthamarai Kannan Salai: Rs 3,900 per sq.ft (2024)
• Sathya Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Sathya Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Sathya Nagar 3rd street: Rs 2,200 per sq.ft (2024)
• Sathya Nagar 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sekar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. 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 more precise calculations.

Which Sub Registrar Office covers Sekar Nagar?

The Sekar Nagar area is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kottivakkam. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of Sekar Nagar?

The current guideline value of Sekar Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 257 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 561% over this period.

What are the stamp duty and registration fees for Sekar Nagar?

For a 1,000 sq.ft property, the total guideline value is Rs 17,00,000. The stamp duty is Rs 1,19,000, and the registration fee is Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations in Sekar Nagar?

The Adayar Sub Registrar Office handles registrations for Sekar Nagar, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the median guideline value in Kottivakkam?

The median guideline value for streets in Kottivakkam is Rs 3,900 per sq.ft, while Sekar Nagar's guideline value is below this median at Rs 1,700 per sq.ft.