Guideline Value for Sekkizhar Nagar Kannappar Salai

Sekkizhar Nagar Kannappar Salai guideline value

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

How the guideline value of Sekkizhar Nagar Kannappar Salai has changed

Over the years, the guideline value of Sekkizhar Nagar Kannappar Salai has seen several revisions. The 2012 revision set the value at Rs 1,400 per sq.ft, which was then reduced to Rs 938 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, before reaching the current rate of Rs 1,550 per sq.ft in 2024. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects an increase of 11%. Overall, comparing the values from 2012 to 2024 shows a slight increase of 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. The median value is Rs 1,550 per sq.ft, which is equal to the guideline value of Sekkizhar Nagar Kannappar Salai.

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

Stamp duty and registration fee for property in Sekkizhar Nagar Kannappar 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 to Rs 1,39,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sekkizhar Nagar Kannappar Salai?

The Sekkizhar Nagar Kannappar Salai falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Thirunageswaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to make informed decisions during the transaction process.

Frequently asked questions

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

The current guideline value of Sekkizhar Nagar Kannappar 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 2012 to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,550 per sq.ft in 2024.

What is the registration fee and stamp duty for properties in this area?

For a property valued at Rs 15,50,000, the stamp duty would be Rs 1,08,500 at 7%, and the registration fee would be Rs 31,000 at 2%, totaling Rs 1,39,500.

Which Sub Registrar Office covers Sekkizhar Nagar Kannappar Salai?

The Kunrathur Sub Registrar Office covers Sekkizhar Nagar Kannappar Salai, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Sekkizhar Nagar Kannappar Salai?

The land classification for Sekkizhar Nagar Kannappar Salai is Residential Special Type - II.