Guideline Value for Sekaran Street

Sekaran Street guideline value

The current guideline value of Sekaran Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Mixed Type - I.

How the guideline value of Sekaran Street has changed

The guideline value for Sekaran Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was set at Rs 4,200 per sq.ft. This figure remained until the next revision in 2017, which saw a decrease to Rs 2,814 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 4,200 per sq.ft. The most recent revision in 2024 established the current value at Rs 4,600 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Sekaran Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO with a guideline value for 2024 ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value is Rs 3,600 per sq.ft, making Sekaran Street's guideline value above this median.

• Seenivasan Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Selva Vinayagar Koil Street: Rs 3,600 per sq.ft (2024)
• Sathyapuram Main Street: Rs 1,600 per sq.ft (2024)
• Sathyapuram 2nd Street: Rs 1,600 per sq.ft (2024)
• Sathyapuram 1st Street: Rs 1,600 per sq.ft (2024)
• Sathyanarayana Street: Rs 4,600 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 4,600 per sq.ft, the total guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000. Together, the total cost for stamp duty and registration fees would be Rs 4,14,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sekaran Street?

The Sub Registrar Office that covers Sekaran Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sekaran Street?

The current guideline value of Sekaran Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then increased to Rs 4,200 per sq.ft in 2023, and finally set at Rs 4,600 per sq.ft in 2024.

What is the land classification of Sekaran Street?

Sekaran Street is classified as Mixed Type - I according to the local land classification standards.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 46,00,000, leading to a stamp duty of Rs 3,22,000 and a registration fee of Rs 92,000.