Guideline Value for Sekkupet Nadu Street

Sekkupet Nadu Street guideline value

The current guideline value of Sekkupet Nadu Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in the 2nd Division village under the Kanchipuram Joint IV SRO, and the land classification is Commercial Class I Type - II.

How the guideline value of Sekkupet Nadu Street has changed

The guideline value for Sekkupet Nadu Street has undergone several revisions over the years. The 2012 revision set the value at Rs 5,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 3,350 per sq.ft. The 2023 revision increased the value to Rs 5,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, 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 2nd Division

In the 2nd Division village under the Kanchipuram Joint IV SRO, there are 101 streets with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value is Rs 1,650 per sq.ft, placing Sekkupet Nadu Street's 2024 figure above this median.

• Sekkupet Kavarai Street: Rs 5,500 per sq.ft (2024)
• Sekkupet Saliyar Street: Rs 3,300 per sq.ft (2024)
• Sekkupet Kanthasamy Sa Street: Rs 3,300 per sq.ft (2024)
• Sekkupet Therku Street: Rs 3,300 per sq.ft (2024)
• Sekkupet Vadaku Street: Rs 3,300 per sq.ft (2024)
• Santhaaleeswarar Kovil Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Sekkupet Nadu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, together totaling Rs 4,95,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sekkupet Nadu Street?

The Kanchipuram Joint IV Sub Registrar Office covers Sekkupet Nadu Street. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a crucial factor when registering property transactions in the 2nd Division. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value is used to calculate the total costs associated with registration. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the registration reflects the true value of the property.

Frequently asked questions

What is the current guideline value of Sekkupet Nadu Street?

The current guideline value of Sekkupet Nadu Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2023 to Rs 5,500 per sq.ft in 2024, a 10% increase. It was Rs 3,350 per sq.ft in 2017, showing a 49% increase from that year to 2023.

What is the land classification for Sekkupet Nadu Street?

The land classification for Sekkupet Nadu Street is Commercial Class I Type - II, indicating its suitability for commercial activities.

Where can I find the registration office for Sekkupet Nadu Street?

The registration office for Sekkupet Nadu Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the median guideline value in the 2nd Division?

The median guideline value in the 2nd Division is Rs 1,650 per sq.ft, which is lower than the current guideline value of Sekkupet Nadu Street.