Guideline Value for Sekaran Street

Sekaran Street guideline value

The current guideline value of Sekaran Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Sekaran Street has changed

The guideline value for Sekaran Street has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and further rose to Rs 880 per sq.ft in the 2024 revision, marking a 47% increase from the previous year.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 47%. It is important to note that there are no figures available for Sekaran Street in the 2002, 2003, and 2007 revisions.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. The guideline value of Sekaran Street is below this median.

• Seevagasinthamani Street: Rs 2,700 per sq.ft (2024)
• Sengothai Amman Koil Street: Rs 3,750 per sq.ft (2024)
• Sathya Sai Nagar: Rs 4,000 per sq.ft (2024)
• Sathiya Sai Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Sathiya Sai Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Sathiya Sai Nagar 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sekaran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. 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 further calculations.

Which Sub Registrar Office covers Sekaran Street?

The Sub Registrar Office that covers Sekaran Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Rajakilpakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When a property is bought or sold, the guideline value is used to calculate the applicable fees, which are charged on the higher of the guideline value or the sale price. This ensures that the registration process is standardized and transparent for all parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Sekaran Street?

The current guideline value of Sekaran Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Sekaran Street?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers Sekaran Street?

The Selaiyur Sub Registrar Office covers Sekaran Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and varies based on location and land classification. It is updated periodically to reflect changes in the real estate market.