Guideline Value for CHENKUNDRAM ROAD (CHEN)

Chenkundram Road (Chen) guideline value

The current guideline value of Chenkundram Road (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Sengundram - 1 village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Chenkundram Road (Chen) has changed

The guideline value for Chenkundram Road (Chen) has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 1,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,100 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, there have been significant changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The overall change from the 2012 revision to the 2024 revision reflects a modest increase of 10%.

Guideline values in Sengundram - 1

Sengundram - 1 village features a total of 126 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 660 to Rs 3,285 per sq.ft. The median guideline value in this area is Rs 880 per sq.ft, placing Chenkundram Road (Chen) above that median at Rs 1,100 per sq.ft.

• Chenkundram Tnhb (Chen): Rs 1,320 per sq.ft (2024)
• Big Street (Chen): Rs 770 per sq.ft (2024)
• Bhavani Nagar (Chen): Rs 770 per sq.ft (2024)
• Bajanai Koil Street (Chen): Rs 660 per sq.ft (2024)
• Ezhil Nagar (Chen): Rs 1,100 per sq.ft (2024)
• Ford Avenue (Chen): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chenkundram Road (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to 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 information on fees applicable to your property transactions.

Which Sub Registrar Office covers Chenkundram Road (Chen)?

The Sub Registrar Office that covers Chenkundram Road (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor in property transactions in Sengundram - 1. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale process.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is documented accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Chenkundram Road (Chen)?

The current guideline value of Chenkundram Road (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Chenkundram Road (Chen)?

Chenkundram Road (Chen) is classified as Residential Special Type - III.

Where can I find the registration office for Chenkundram Road (Chen)?

The registration office is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Sengundram - 1?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are collected during registration.