Guideline Value for Seran Street

Seran Street guideline value

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

How the guideline value of Seran Street has changed

The guideline value for Seran Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, this value decreased to Rs 670 per sq.ft in 2017, reflecting a 33% decline. The value then rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision, which is a 10% increase from the previous year.

It is important to note that there are no figures available for Seran Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, which matches the current guideline value of Seran Street.

• Sembaruthi Nagar: Rs 1,100 per sq.ft (2024)
• Sembaruthi Cross Street: Rs 550 per sq.ft (2024)
• Seerisabaratinam Street: Rs 1,100 per sq.ft (2024)
• Sir.C.V Raman Corss Street: Rs 1,100 per sq.ft (2024)
• Sir.C.V Raman Street: Rs 1,100 per sq.ft (2024)
• Sithivinayagar Koil Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Seran 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, and the registration fee at 2% would be Rs 22,000, bringing the total to 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Seran Street?

The Sub Registrar Office that covers Seran Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thiruvallur. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the higher of the sale price or the guideline value is taken into account for calculating the stamp duty. This ensures that the state revenue is protected, and properties are not undervalued during transactions.

Frequently asked questions

What is the current guideline value of Seran Street?

The current guideline value of Seran 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 from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What are the stamp duty rates applicable for properties on Seran Street?

The stamp duty for properties on Seran Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Seran Street?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Seran Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Seran Street?

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