Guideline Value for Seven Hills Nagar

Seven Hills Nagar guideline value

The current guideline value of Seven Hills Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village and falls under the Kunrathur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Seven Hills Nagar has changed

The guideline value for Seven Hills Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 1,430 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The increase from 2017 to 2023 was 49%, indicating a substantial rise in the guideline value over that period.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Seven Hills Nagar's 2024 figure below that median.

• Serasa Urbane: Rs 3,070 per sq.ft (2024)
• Shanmugam Nagar: Rs 1,760 per sq.ft (2024)
• Shanti Nagar: Rs 2,700 per sq.ft (2024)
• Sembarambakkam Erikarai Salai: Rs 1,430 per sq.ft (2024)
• Selvaraman swamy Koil Street: Rs 1,430 per sq.ft (2024)
• Shiva Vishnu Avenue & Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Seven Hills Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total cost to Rs 1,28,700. 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 precise calculations based on your property.

Which Sub Registrar Office covers Seven Hills Nagar?

The Sub Registrar Office that covers Seven Hills Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor during the registration of property transactions in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Seven Hills Nagar?

The current guideline value of Seven Hills Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 871 per sq.ft in 2017 to Rs 1,430 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for a property in Seven Hills Nagar?

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100, and the registration fee would be Rs 28,600, totaling Rs 1,28,700.

Which office handles property registrations for Seven Hills Nagar?

The Kunrathur Sub Registrar Office handles property registrations for Seven Hills Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined for properties in Kunrathour-B?

The guideline value is determined by the Registration Department and is used as a basis for calculating stamp duty and registration fees during property transactions in Kunrathour-B.