Guideline Value for Seshadri Road

Seshadri Road guideline value

The current guideline value of Seshadri Road is Rs 14,300 per sq.ft, effective from 1 July 2024. This road is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Seshadri Road has changed

The guideline value for Seshadri Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 14,300 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 13,000 per sq.ft. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Prior to the 2023 revision, the guideline values for Seshadri Road were not recorded in the register for the aforementioned years. The 2024 figure of Rs 14,300 per sq.ft is notably higher than the median value of Rs 8,800 per sq.ft for the 333 streets in Mylapore Part 1 under the Chennai Central Joint I SRO.

Guideline values in Mylapore Part 1

The guideline values for Mylapore Part 1 range from Rs 4,400 to Rs 25,300 per sq.ft, with a median of Rs 8,800 per sq.ft. Seshadri Road's 2024 guideline value is above this median, indicating its higher valuation compared to many other streets in the area.

• Shanmuga Mudali Street: Rs 7,700 per sq.ft (2024)
• Selvammal Street: Rs 7,700 per sq.ft (2024)
• Seethamma Road Extention: Rs 13,200 per sq.ft (2024)
• Seethamma Road: Rs 13,200 per sq.ft (2024)
• Seethammal Lane: Rs 13,200 per sq.ft (2024)
• Seethammal Extention 2nd Main Road: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Seshadri Road

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value would be Rs 1,43,00,000. The stamp duty at 7% would amount to Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, resulting in a total of Rs 12,87,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Seshadri Road?

Seshadri Road is covered by the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor when registering property transactions in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is bought or sold, the guideline value helps ensure transparency and fairness in the registration process. Buyers and sellers must be aware of this value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Seshadri Road?

The current guideline value of Seshadri Road is Rs 14,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased by 10% from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024.

What is the land classification for Seshadri Road?

Seshadri Road is classified as Residential Special Type - IV, indicating its specific zoning for residential purposes.

Where can I find the Sub Registrar Office for Seshadri Road?

The Sub Registrar Office covering Seshadri Road is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a reference point to ensure that the appropriate fees are paid based on the property's value.