Guideline Value for Sekizhar 3rd Street

Sekizhar 3rd Street guideline value

The current guideline value of Sekizhar 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Sekizhar 3rd Street has changed

The guideline value for Sekizhar 3rd Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 620 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 384%. However, between 2012 and 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. The 2023 revision set the value at Rs 3,000 per sq.ft, which then increased to Rs 3,300 per sq.ft in 2024, reflecting a 10% rise.

There are no figures available for the years 2002 and 2003 for Sekizhar 3rd Street. Overall, from 2007 to 2024, the guideline value has increased by 432%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Sekizhar 3rd Street's 2024 figure below this median.

• Sekizhar 2nd Street: Rs 3,300 per sq.ft (2024)
• Sekizhar Street: Rs 3,300 per sq.ft (2024)
• Seethalai Sathanar Street: Rs 3,300 per sq.ft (2024)
• Seethalai Sathanar Cross Street: Rs 3,300 per sq.ft (2024)
• Seethakathi Nagar: Rs 3,300 per sq.ft (2024)
• Seetha Chetty Street(Bharathi Block): Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sekizhar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sekizhar 3rd Street?

The Sub Registrar Office that covers Sekizhar 3rd Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the financial obligations involved. Buyers and sellers should be aware that the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sekizhar 3rd Street?

The current guideline value of Sekizhar 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, starting from Rs 620 per sq.ft in 2007, rising to Rs 3,300 per sq.ft in 2024, which is an overall increase of 432% since 2007.

What is the land classification for Sekizhar 3rd Street?

The land classification for Sekizhar 3rd Street is Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Sekizhar 3rd Street?

The Ashok Nagar Sub Registrar Office covers Sekizhar 3rd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.