Guideline Value for CHENKUNDRAM TNHB (CHEN)

Chenkundram Tnhb (Chen) guideline value

The current guideline value for Chenkundram Tnhb (Chen) is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under Sengundram - 1 village and is classified as Residential Special Type - II, governed by the Chengleput Joint II SRO.

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

The guideline value for Chenkundram Tnhb (Chen) has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 804 per sq.ft. However, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision has set it at Rs 1,320 per sq.ft.

Between revisions, notable changes include a 10% increase from 2023 to 2024, and a significant 49% increase from 2017 to 2023. The overall change from 2012 to 2024 shows a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 660 to Rs 3,285 per sq.ft. The median value is Rs 880 per sq.ft, placing Chenkundram Tnhb (Chen) above this median.

• Chenkundram Road (Chen): Rs 1,100 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 Tnhb (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chenkundram Tnhb (Chen)?

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

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

The guideline value is a crucial factor during property registration in Sengundram - 1. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property transactions.

When buying or selling property, the guideline value is used to calculate applicable fees such as stamp duty and registration charges. This ensures that both buyers and sellers adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value for Chenkundram Tnhb (Chen)?

The current guideline value for Chenkundram Tnhb (Chen) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally reached Rs 1,320 per sq.ft in 2024.

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

Chenkundram Tnhb (Chen) is classified as Residential Special Type - II, according to the registration guidelines.

Where can I find the Sub Registrar Office for Chenkundram Tnhb (Chen)?

The Sub Registrar Office for Chenkundram Tnhb (Chen) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Chenkundram Tnhb (Chen)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,20,000, the stamp duty at 7% would be Rs 92,400.