Guideline Value for Sekkizhar Nagar Thilagavathiar Street

Sekkizhar Nagar Thilagavathiar Street guideline value

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

How the guideline value of Sekkizhar Nagar Thilagavathiar Street has changed

The guideline value for Sekkizhar Nagar Thilagavathiar Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which was then reduced 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 the latest revision in 2024 raised it further to Rs 1,550 per sq.ft. 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%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 shows an increase of 11%, with the latest revision reflecting a rise of 11% from the previous year.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value across these streets is Rs 1,550 per sq.ft, which matches the current guideline value for Sekkizhar Nagar Thilagavathiar Street.

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

Stamp duty and registration fee for property in Sekkizhar Nagar Thilagavathiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value would be Rs 15,50,000. The stamp duty at 7% would amount to Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total cost for these fees 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sekkizhar Nagar Thilagavathiar Street?

The Sub Registrar Office that covers Sekkizhar Nagar Thilagavathiar Street is 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 is an essential factor used during the registration of property transactions in Thirunageswaram. It serves as a benchmark for determining the stamp duty and registration fees applicable when a property is bought or sold.

When engaging in a property transaction, it is crucial to be aware of the guideline value, as it influences the overall costs involved in the registration process. Buyers and sellers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sekkizhar Nagar Thilagavathiar Street?

The current guideline value of Sekkizhar Nagar Thilagavathiar Street 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 land classification for this street?

Sekkizhar Nagar Thilagavathiar Street is classified as Residential Special Type - II.

What other streets in Thirunageswaram have the same guideline value?

Other streets in Thirunageswaram that share the same guideline value of Rs 1,550 per sq.ft include Sekkizhar Nagar Siruthondar Salai, Sekkizhar Nagar Thirumoolar Salai, Sekkizhar Nagar Manickavasagar Street, Sekkizhar Nagar Thiruneelakandar Salai, Sekkizhar Nagar Kavikambar Salai, and Sekkizhar Nagar Karaikal Ammaiyar Street.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sekkizhar Nagar Thilagavathiar Street is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the area.