Guideline Value for Sekkizhar Nagar Siruthondar Salai

Sekkizhar Nagar Siruthondar Salai guideline value

The current guideline value of Sekkizhar Nagar Siruthondar Salai is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Sekkizhar Nagar Siruthondar Salai has changed

Over the years, the guideline value of Sekkizhar Nagar Siruthondar 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. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,400 per sq.ft. The latest 2024 revision has further increased the guideline value to Rs 1,550 per sq.ft, marking an 11% rise from the previous year.

The register has no figure for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Thirunageswaram

Thirunageswaram village has a total of 105 streets under the Kunrathur SRO, with guideline values ranging from Rs 800 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,550 per sq.ft, which matches the 2024 figure for Sekkizhar Nagar Siruthondar Salai.

• Sekkizhar Nagar Manickavasagar Street: Rs 1,550 per sq.ft (2024)
• Sekkizhar Nagar Thilagavathiar Street: Rs 1,550 per sq.ft (2024)
• Sekkizhar Nagar Kavikambar Salai: Rs 1,550 per sq.ft (2024)
• Sekkizhar Nagar Thirumoolar Salai: Rs 1,550 per sq.ft (2024)
• Sekkizhar Nagar Karaikal Ammaiyar Street: Rs 1,550 per sq.ft (2024)
• Sekkizhar Nagar Thiruneelakandar Salai: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Sekkizhar Nagar Siruthondar 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, resulting in a total of 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sekkizhar Nagar Siruthondar Salai?

The Sekkizhar Nagar Siruthondar Salai falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, 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 the registration process when buying or selling property in Thirunageswaram. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated fairly based on the property’s value.

When a property is sold, the guideline value helps in assessing the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Sekkizhar Nagar Siruthondar 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. It was Rs 938 per sq.ft in 2017 and Rs 1,400 per sq.ft in 2012.

What is the land classification of Sekkizhar Nagar Siruthondar Salai?

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

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would be Rs 1,39,500.

Which office handles registrations for Sekkizhar Nagar Siruthondar Salai?

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