Guideline Value for Sekkizhar Nagar Thiruneelakandar Salai

Sekkizhar Nagar Thiruneelakandar Salai guideline value

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

Over the years, the guideline value for Sekkizhar Nagar Thiruneelakandar Salai has seen several revisions. The 2012 revision set the guideline 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 to Rs 1,400 per sq.ft in the 2023 revision and has now risen to Rs 1,550 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year. The overall change from 2012 to 2024 shows an increase of 11%.

From 2017 to 2023, there was a significant increase of 49%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

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 the median value being Rs 1,550 per sq.ft. The guideline value for Sekkizhar Nagar Thiruneelakandar Salai is equal to this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,550 per sq.ft, the 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. 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 details.

Which Sub Registrar Office covers Sekkizhar Nagar Thiruneelakandar Salai?

The Sekkizhar Nagar Thiruneelakandar 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, click here.

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

The guideline value is a crucial factor during the registration of property transactions in Thirunageswaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Sekkizhar Nagar Thiruneelakandar 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, an increase of 11%. It was Rs 938 per sq.ft in 2017, showing a 49% increase to the 2023 figure.

What is the land classification for Sekkizhar Nagar Thiruneelakandar Salai?

Sekkizhar Nagar Thiruneelakandar Salai is classified as Residential Special Type - II.

Which Sub Registrar Office handles registrations for this street?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,550 per sq.ft, the total guideline value would be Rs 15,50,000, leading to specific fees based on this value.