Guideline Value for Sekar Theru

Sekar Theru guideline value

The current guideline value for Sekar Theru is Rs 2,310 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sekar Theru has changed

The guideline value for Sekar Theru has seen several revisions over the years. The 2012 revision set the value at Rs 2,100 per sq.ft, which was then reduced to Rs 1,407 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,100 per sq.ft in 2023, and currently stands at Rs 2,310 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%, while the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The most recent change from 2023 to 2024 reflects a 10% increase.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, which is the same as the current value for Sekar Theru.

• Sekar Apartments: Rs 2,310 per sq.ft (2024)
• Selliyamman Koil Street: Rs 1,980 per sq.ft (2024)
• Secretariate Colony: Rs 1,650 per sq.ft (2024)
• Selva Vinayakar Koli Street: Rs 2,640 per sq.ft (2024)
• School Street: Rs 1,650 per sq.ft (2024)
• Senthil Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Sekar Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value amounts to Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total cost to Rs 2,07,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sekar Theru?

The Sub Registrar Office that covers Sekar Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Perungalathur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sekar Theru?

The current guideline value of Sekar Theru is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,100 per sq.ft in 2012 to Rs 1,407 per sq.ft in 2017, then to Rs 2,100 per sq.ft in 2023, and finally to Rs 2,310 per sq.ft in 2024.

What is the land classification of Sekar Theru?

Sekar Theru is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Sekar Theru?

The Sub Registrar Office covering Sekar Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Sekar Theru?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 23,10,000 incurs a stamp duty of Rs 1,61,700 at 7%.