Guideline Value for Sekkizhar Street

Sekkizhar Street guideline value

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

How the guideline value of Sekkizhar Street has changed

The guideline value for Sekkizhar Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in the 2023 revision. This represents a substantial increase of 49% over six years. The most recent revision in 2024 has set the guideline value at Rs 1,430 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Sekkizhar Street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets that carry a guideline value for 2024, 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, indicating that Sekkizhar Street's 2024 value is below this median.

• Selliamman Koil Street: Rs 2,090 per sq.ft (2024)
• Sekkizhar Nagar: Rs 1,430 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 Street

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, making the total cost for these fees 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sekkizhar Street?

The Sekkizhar Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Kunrathour-B. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, preventing under-reporting of property prices for tax purposes. It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sekkizhar Street?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, showing a total increase of 64% over this period.

What is the median guideline value in Kunrathour-B?

The median guideline value for the 325 streets in Kunrathour-B is Rs 1,540 per sq.ft, which is higher than the current value of Sekkizhar Street.

What fees are associated with buying property on Sekkizhar Street?

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100 and the registration fee would be Rs 28,600, totaling Rs 1,28,700 in fees.

Where can I find more information about my Sub Registrar Office?

You can find more information about your Sub Registrar Office by visiting the find your SRO page.