Guideline Value

Corporate

Guideline Value for Seshathripuram 1st Cross Street

₹4400/sq.ft.

The guideline value for Seshathripuram 1st Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹413 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹368 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Seshathripuram 1st Cross Street

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Seshathripuram 1st Cross Street guideline value

The current guideline value of Seshathripuram 1st Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO, classified as Residential Class II Type - II.

How the guideline value of Seshathripuram 1st Cross Street has changed

The guideline value has seen significant changes over the years. Starting from Rs 368 per sq.ft in 2002, it rose to Rs 413 per sq.ft in 2003, reflecting a 12% increase. The value continued to climb to Rs 1,800 per sq.ft in 2007, marking a substantial 336% rise. By 2012, the value reached Rs 4,000 per sq.ft, which was a remarkable 122% increase from the previous revision.

The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, representing a 10% increase from the 2012 figure. Overall, from 2002 to 2024, the guideline value has increased by 1096%. The register has no figures for the revisions in 2017 and 2023 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which aligns with the guideline value of Seshathripuram 1st Cross Street.

Stamp duty and registration fee for property in Seshathripuram 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seshathripuram 1st Cross Street?

The Sub Registrar Office that covers Seshathripuram 1st Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial reference for property transactions in Velachery. It serves as the basis for calculating stamp duty and registration fees during the sale or purchase of property.

When registering a property, buyers must ensure that the sale price is not lower than the guideline value. This ensures that the appropriate taxes are collected based on the higher amount, safeguarding the interests of the state and the buyers.

Frequently asked questions

What is the current guideline value of Seshathripuram 1st Cross Street?

The current guideline value of Seshathripuram 1st Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 368 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1096% over this period.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office handles registrations for Seshathripuram 1st Cross Street?

The Velacheri Sub Registrar Office is responsible for registrations in Seshathripuram 1st Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that the sale price is not lower than the guideline value for tax purposes.