Guideline Value for Sekkizhar Nagar

Sekkizhar Nagar guideline value

The current guideline value of Sekkizhar Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Sekkizhar Nagar has changed

The guideline value for Sekkizhar Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 871 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2023. The latest revision in 2024 has raised the value to Rs 1,430 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The changes in guideline value reflect the adjustments made during the revisions, with a notable increase of 49% from 2017 to 2023 and a consistent upward trend leading to the current value.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Sekkizhar Nagar's value below this median.

• Sekkizhar Street: Rs 1,430 per sq.ft (2024)
• Selliamman Koil Street: Rs 2,090 per sq.ft (2024)
• Selvaraman swamy Koil Street: Rs 1,430 per sq.ft (2024)
• Sembarambakkam Erikarai Salai: Rs 1,430 per sq.ft (2024)
• Serasa Urbane: Rs 3,070 per sq.ft (2024)
• Seven Hills Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Sekkizhar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total cost for these fees to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sekkizhar Nagar?

The Sekkizhar Nagar area falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role during the registration process of property transactions in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is used to assess the applicable fees, ensuring that the government receives the appropriate revenue from property transactions. Buyers should be aware of the guideline value to understand the financial implications of their property purchases.

Frequently asked questions

What is the current guideline value of Sekkizhar Nagar?

The current guideline value of Sekkizhar Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, marking an overall increase of 64%.

What is the stamp duty rate for property in Sekkizhar Nagar?

The stamp duty rate for property transactions in Sekkizhar Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles registrations for properties in Sekkizhar Nagar.

What is the median guideline value for streets in Kunrathour-B?

The median guideline value for streets in Kunrathour-B is Rs 1,540 per sq.ft, which is higher than the current value of Sekkizhar Nagar.