Guideline Value for Seshagiri Iyer street

Seshagiri Iyer street guideline value

The current guideline value of Seshagiri Iyer street is Rs 2,600 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village under the Periamet SRO, classified as Residential Class III Type - III.

How the guideline value of Seshagiri Iyer street has changed

The guideline value for Seshagiri Iyer street has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 2,400 per sq.ft in 2012. However, this figure dropped to Rs 1,608 per sq.ft in 2017. The 2023 revision set the value at Rs 2,400 per sq.ft, and the most recent 2024 revision raised it to Rs 2,600 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, while from 2023 to 2024, there was an 8% rise. The overall change from 2007 to 2024 is a substantial increase of 271%. The register has no figures for Seshagiri Iyer street for the years 2002 and 2003.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft, with a median value of Rs 3,300 per sq.ft. Seshagiri Iyer street's 2024 guideline value is below this median.

• Singanna Chetty Street: Rs 6,600 per sq.ft (2024)
• Singanna Chetty Street 1st lane: Rs 3,300 per sq.ft (2024)
• Singanna Chetty Street 2nd lane: Rs 3,300 per sq.ft (2024)
• Singanna Chetty Street 3rd lane: Rs 3,300 per sq.ft (2024)
• Sathyavani Muthu nagar Hut: Rs 2,500 per sq.ft (2024)
• Siyali Amman Koil lane: Rs 2,600 per sq.ft (2024)

Stamp duty and registration fee for property in Seshagiri Iyer street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,600 per sq.ft, the total guideline value amounts to Rs 26,00,000. The stamp duty at 7% would be Rs 1,82,000, and the registration fee at 2% would be Rs 52,000, bringing the total to Rs 2,34,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Seshagiri Iyer street?

The Sub Registrar Office that covers Seshagiri Iyer street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Chindadripet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is assessed to ensure that the transaction is in line with official rates. This helps in maintaining transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Seshagiri Iyer street?

The current guideline value of Seshagiri Iyer street is Rs 2,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,600 per sq.ft in 2024, marking an overall increase of 271% over the years.

What are the other streets in Chindadripet with their guideline values?

Other streets in Chindadripet include Singanna Chetty Street at Rs 6,600 per sq.ft, and Sathyavani Muthu nagar Hut at Rs 2,500 per sq.ft, among others.

What are the stamp duty and registration fees for properties in Seshagiri Iyer street?

For a property valued at Rs 26,00,000, the stamp duty would be Rs 1,82,000 and the registration fee would be Rs 52,000, totaling Rs 2,34,000.

Where is the Sub Registrar Office for Seshagiri Iyer street located?

The Sub Registrar Office for Seshagiri Iyer street is located at 1103, Poonamallee High Road, Chennai-600 003, under the Periamet SRO.