Guideline Value for Sera Sabarathinam Street

Sera Sabarathinam Street guideline value

The current guideline value of Sera Sabarathinam Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sera Sabarathinam Street has changed

The guideline value for Sera Sabarathinam Street has undergone several revisions over the years. The oldest recorded figure is from 2007, when it was Rs 350 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 186%. However, the value decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, and most recently, it has increased by 10% to Rs 1,100 per sq.ft in the 2024 revision.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 214%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of Sera Sabarathinam Street.

• Siddi Vinayagar Kovil Street: Rs 1,320 per sq.ft (2024)
• Sir.C.V.Raman Street: Rs 1,100 per sq.ft (2024)
• Sivasubramaniyam Street: Rs 550 per sq.ft (2024)
• Skp - Nagar: Rs 879 per sq.ft (2024)
• Santhom Nagar: Rs 879 per sq.ft (2024)
• Sowbhagyam Nagar: Rs 879 per sq.ft (2024)

Stamp duty and registration fee for property in Sera Sabarathinam Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sera Sabarathinam Street?

Sera Sabarathinam Street falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sera Sabarathinam Street?

The current guideline value of Sera Sabarathinam Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 350 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 214% over this period.

What is the registration office for Sera Sabarathinam Street?

The registration office for Sera Sabarathinam Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 99,000.

What is the land classification of Sera Sabarathinam Street?

Sera Sabarathinam Street is classified as Residential Class I Type - III, which indicates its suitability for residential development.