Guideline Value for Sekkizhar Nagar Kananathar Salai

Sekkizhar Nagar Kananathar Salai guideline value

The current guideline value of Sekkizhar Nagar Kananathar Salai is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Sekkizhar Nagar Kananathar Salai has changed

Over the years, the guideline value of Sekkizhar Nagar Kananathar Salai has seen several revisions. The 2012 revision set the value at Rs 1,400 per sq.ft, which then decreased to Rs 938 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and most recently, it rose to Rs 1,550 per sq.ft in the 2024 revision, marking an 11% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. Comparing the 2012 revision to the 2017 revision, there was a decrease of 33%. 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 that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,550 per sq.ft. The guideline value of Sekkizhar Nagar Kananathar Salai is equal to this median value.

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

Stamp duty and registration fee for property in Sekkizhar Nagar Kananathar Salai

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, bringing the total cost to Rs 1,39,500. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sekkizhar Nagar Kananathar Salai?

The Sekkizhar Nagar Kananathar Salai falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Thirunageswaram. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is referenced to assess the fair value of the property. This value is essential for both buyers and sellers, as it helps in understanding the costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Sekkizhar Nagar Kananathar Salai?

The current guideline value of Sekkizhar Nagar Kananathar Salai 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 2023 to Rs 1,550 per sq.ft in 2024, marking an 11% increase. It was Rs 938 per sq.ft in 2017, which was a significant drop from Rs 1,400 per sq.ft in 2012.

What are the other streets in Thirunageswaram with their guideline values?

Other streets in Thirunageswaram have varying guideline values. For instance, Sekkizhar Nagar chozhar Street has a value of Rs 1,200 per sq.ft, while several others, including Sekkizhar Nagar Kannappar Salai and Sekkizhar Nagar Amar Neethiyar Salai, are valued at Rs 1,550 per sq.ft.

What fees are associated with buying property in Sekkizhar Nagar Kananathar Salai?

When purchasing property in Sekkizhar Nagar Kananathar Salai, buyers must consider the stamp duty, which is 7% of the guideline value, and the registration fee, which is 2%. For a 1,000 sq.ft plot, these fees can total Rs 1,39,500.

Where can I find the Sub Registrar Office for Sekkizhar Nagar Kananathar Salai?

The Sub Registrar Office covering Sekkizhar Nagar Kananathar Salai is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information about your SRO online.