Guideline Value for Sekkadu Mettu Street I

Sekkadu Mettu Street I guideline value

The current guideline value of Sekkadu Mettu Street I is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Sekkadu village under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Sekkadu Mettu Street I has changed

The guideline value for Sekkadu Mettu Street I has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. After this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and then to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Looking at the changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft. The median value is Rs 1,320 per sq.ft, which is equal to the current guideline value of Sekkadu Mettu Street I.

• Sekkadu Mettu Street II: Rs 930 per sq.ft (2024)
• Singara Thirunagar: Rs 1,075 per sq.ft (2024)
• Sanjeevi Nagar: Rs 1,320 per sq.ft (2024)
• R.R.Nagar bharathiyar street: Rs 1,320 per sq.ft (2024)
• Reddiyar Street: Rs 1,075 per sq.ft (2024)
• Sri Karthik Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sekkadu Mettu Street I

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. 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 detailed calculations.

Which Sub Registrar Office covers Sekkadu Mettu Street I?

The Sub Registrar Office that covers Sekkadu Mettu Street I is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Sekkadu Mettu Street I, the guideline value will be used to calculate the stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This value helps in establishing a fair basis for the transaction and aids in the smooth processing of property registration.

Frequently asked questions

What is the current guideline value of Sekkadu Mettu Street I?

The current guideline value of Sekkadu Mettu Street I is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Sekkadu Mettu Street I?

Sekkadu Mettu Street I is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Sekkadu Mettu Street I?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 13,20,000, the total fees would amount to Rs 1,18,800.

Where is the Sub Registrar Office for Sekkadu Mettu Street I located?

The Avadi Sub Registrar Office, which covers Sekkadu Mettu Street I, is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.