Guideline Value for Sekkizhar Nagar Kavikambar Salai

Sekkizhar Nagar Kavikambar Salai guideline value

The current guideline value of Sekkizhar Nagar Kavikambar 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 Kavikambar Salai has changed

The guideline value for Sekkizhar Nagar Kavikambar Salai has seen several revisions over the years. In the 2012 revision, the value was Rs 1,400 per sq.ft, which 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 the 2023 revision, and then to Rs 1,550 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%, but it rebounded with a 49% increase from 2017 to 2023. The most recent increase from 2023 to 2024 represents an 11% rise. Overall, the guideline value has increased by 11% from 2012 to 2024.

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 for these streets is Rs 1,550 per sq.ft, which matches the current value for Sekkizhar Nagar Kavikambar Salai.

• Sekkizhar Nagar Karaikal Ammaiyar Street: Rs 1,550 per sq.ft (2024)
• Sekkizhar Nagar Manickavasagar Street: Rs 1,550 per sq.ft (2024)
• Sekkizhar Nagar Kannappar Salai: Rs 1,550 per sq.ft (2024)
• Sekkizhar Nagar Siruthondar Salai: Rs 1,550 per sq.ft (2024)
• Sekkizhar Nagar Kananathar Salai: Rs 1,550 per sq.ft (2024)
• Sekkizhar Nagar Thilagavathiar Street: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Sekkizhar Nagar Kavikambar 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 or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sekkizhar Nagar Kavikambar Salai?

The Sekkizhar Nagar Kavikambar Salai falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Thirunageswaram. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Over the years, the guideline value has seen fluctuations, with significant changes noted from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then rising to Rs 1,400 per sq.ft in 2023, and finally reaching Rs 1,550 per sq.ft in 2024.

What is the land classification for Sekkizhar Nagar Kavikambar Salai?

Sekkizhar Nagar Kavikambar Salai is classified as Residential Special Type - II, indicating its use for residential purposes.

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft property would incur a total cost of Rs 1,39,500 in fees.

Which office handles registrations for Sekkizhar Nagar Kavikambar Salai?

The Kunrathur Sub Registrar Office handles registrations for Sekkizhar Nagar Kavikambar Salai, located at No.59, Road Street, Kundrathur, Chennai -600 069.