Guideline Value for Sekkizhar Nagar

Sekkizhar Nagar guideline value

The current guideline value of Sekkizhar Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Thirumudivakkam village under the Padappai SRO, classified as Residential Special Type - I.

How the guideline value of Sekkizhar Nagar has changed

The guideline value for Sekkizhar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in the 2023 revision, and currently stands at Rs 1,320 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumudivakkam

In Thirumudivakkam, there are 56 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,860 per sq.ft. The median value is Rs 1,320 per sq.ft, which is equal to the current guideline value of Sekkizhar Nagar.

• Selliamman Koil Street: Rs 880 per sq.ft (2024)
• Satheesh Nagar: Rs 660 per sq.ft (2024)
• Shridi Sai Baba Nagar: Rs 880 per sq.ft (2024)
• Saranya Nagar: Rs 1,320 per sq.ft (2024)
• Sidco Industrial Area: Rs 1,320 per sq.ft (2024)
• Sai Nagar: Rs 880 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that 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 details on fees applicable to your property transaction.

Which Sub Registrar Office covers Sekkizhar Nagar?

The Sub Registrar Office that covers Sekkizhar Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Thirumudivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a value that reflects the current market standards, thereby aiding in the proper assessment of taxes and fees associated with the property transfer.

Frequently asked questions

What is the current guideline value of Sekkizhar Nagar?

The current guideline value of Sekkizhar Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and currently to Rs 1,320 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Sekkizhar Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 13,20,000, the total fees would amount to Rs 1,18,800.

Which office handles property registrations in Sekkizhar Nagar?

The Padappai Sub Registrar Office handles property registrations for Sekkizhar Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification of Sekkizhar Nagar?

Sekkizhar Nagar is classified as Residential Special Type - I under the current land classification guidelines.