Guideline Value for Seshadri Avenue

Seshadri Avenue guideline value

The current guideline value of Seshadri Avenue is Rs 3,630 per sq.ft, effective from 1 July 2024. This street is located in Mudichur village under the Padappai SRO, classified as Commercial Class I Type - I.

How the guideline value of Seshadri Avenue has changed

The guideline value for Seshadri Avenue has seen several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 3,300 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 2,211 per sq.ft. Following this, the value increased significantly to Rs 3,300 per sq.ft in 2023, and then to Rs 3,630 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the value rose by 49%. Overall, from the 2012 revision to the current 2024 figure, there has been a 10% increase. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mudichur

In Mudichur, there are 135 streets under the Padappai SRO, with guideline values ranging from Rs 880 to Rs 4,000 per sq.ft as of 2024. The median guideline value in this area is Rs 2,200 per sq.ft, indicating that Seshadri Avenue's current value is above this median.

• Senthil Nagar: Rs 2,200 per sq.ft (2024)
• Shanthi Nagar: Rs 2,200 per sq.ft (2024)
• Sathyavani Muthu Street: Rs 1,210 per sq.ft (2024)
• Sivajothi Nagar: Rs 1,210 per sq.ft (2024)
• Sasikumar Nagar: Rs 1,210 per sq.ft (2024)
• Sivavishnu Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Seshadri Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,630 per sq.ft, the total guideline value amounts to Rs 36,30,000. The stamp duty at 7% would be Rs 2,54,100, and the registration fee at 2% would be Rs 72,600, totaling Rs 3,26,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Seshadri Avenue?

The Sub Registrar Office covering Seshadri Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

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

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

Frequently asked questions

What is the current guideline value of Seshadri Avenue?

The current guideline value of Seshadri Avenue is Rs 3,630 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then increased to Rs 3,300 per sq.ft in 2023, and finally to Rs 3,630 per sq.ft in 2024.

What is the registration office for Seshadri Avenue?

The registration office for Seshadri Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the stamp duty for property in Seshadri Avenue?

The stamp duty for property in Seshadri Avenue is charged at 7% of the guideline value or the sale price, whichever is higher.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum value for property registration and is crucial for calculating stamp duty and registration fees during transactions.