Guideline Value for Seshachala Gramani Thottam Main Street

Seshachala Gramani Thottam Main Street guideline value

The current guideline value of Seshachala Gramani Thottam Main Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Seshachala Gramani Thottam Main Street has changed

In the 2007 revision, the guideline value was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value decreased to Rs 804 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 shows a significant increase to Rs 1,300 per sq.ft, which is a 62% rise from the previous figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 117%. The register has no figures for the years 2023, 2003, and 2002 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, indicating that Seshachala Gramani Thottam Main Street's 2024 figure is below that median.

• Seshachala Gramani Thottam Cross Lane: Rs 1,300 per sq.ft (2024)
• Seniamman Koil Street: Rs 2,700 per sq.ft (2024)
• Shek Maistry Street: Rs 2,200 per sq.ft (2024)
• Shivaji Nagar 10th Street: Rs 1,300 per sq.ft (2024)
• Shivaji Nagar 11th Street: Rs 1,300 per sq.ft (2024)
• Shivaji Nagar 1st Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Seshachala Gramani Thottam Main Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Seshachala Gramani Thottam Main Street?

The Seshachala Gramani Thottam Main Street is covered by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Seshachala Gramani Thottam Main Street?

The current guideline value of Seshachala Gramani Thottam Main Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024. This represents a total increase of 117% over the years.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles registrations for Seshachala Gramani Thottam Main Street?

The Royapuram Sub Registrar Office handles registrations for Seshachala Gramani Thottam Main Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

Where does Seshachala Gramani Thottam Main Street stand compared to other streets in Tondaiarpet?

The guideline value of Seshachala Gramani Thottam Main Street at Rs 1,300 per sq.ft is below the median value of Rs 1,600 per sq.ft for other streets in Tondaiarpet.