Guideline Value for Sekhizhar Nagar

Sekhizhar Nagar guideline value

The current guideline value of Sekhizhar Nagar, located in Thirunageswaram village under the Kunrathur SRO, is Rs 1,550 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Sekhizhar Nagar has changed

The guideline value for Sekhizhar Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 1,400 per sq.ft. This decreased to Rs 938 per sq.ft in 2017, before increasing to Rs 1,400 per sq.ft again in 2023. The current value of Rs 1,550 per sq.ft reflects an increase of 11% from the previous year.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median guideline value is Rs 1,550 per sq.ft, which is the same as the current value for Sekhizhar Nagar.

• Sekkizhar Nagar Adhipathar Street: Rs 1,550 per sq.ft (2024)
• Sekkizhar Nagar Alala Sundaram Street: Rs 1,550 per sq.ft (2024)
• Sekkizhar Nagar Amar Neethiyar Salai: Rs 1,550 per sq.ft (2024)
• Sekkizhar Nagar chozhar Street: Rs 1,200 per sq.ft (2024)
• Sekkizhar Nagar Kananathar Salai: Rs 1,550 per sq.ft (2024)
• Sekkizhar Nagar Kannappar Salai: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Sekhizhar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, totaling Rs 1,39,500. 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 details.

Which Sub Registrar Office covers Sekhizhar Nagar?

The Sekhizhar Nagar area falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Thirunageswaram. It serves as a benchmark for determining the stamp duty and registration fees applicable for property sales.

When buying or selling property, the guideline value ensures that both parties are aware of the official valuation of the property, which can influence the final sale price and the associated costs of registration.

Frequently asked questions

What is the current guideline value of Sekhizhar Nagar?

The current guideline value of Sekhizhar Nagar is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then back to Rs 1,400 per sq.ft in 2023, and currently stands at Rs 1,550 per sq.ft in 2024.

What is the land classification of Sekhizhar Nagar?

Sekhizhar Nagar is classified as Residential Special Type - II.

What are the stamp duty rates for properties in Sekhizhar Nagar?

The stamp duty for properties in Sekhizhar Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.