Guideline Value for KOZHI PANNAI (CHEN)

Kozhi Pannai (Chen) guideline value

The current guideline value of Kozhi Pannai (Chen) is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Sengundram - 1 village under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kozhi Pannai (Chen) has changed

The guideline value for Kozhi Pannai (Chen) has seen several revisions over the years. The earliest revision available is from 2012, which set the value at Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in 2017. The value then increased significantly to Rs 800 per sq.ft in 2023, and finally rose to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between these revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sengundram - 1

Sengundram - 1 has a total of 126 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 660 to Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Kozhi Pannai (Chen) at the median rate.

• Kottapuli Varadharajan Nagar: Rs 1,321 per sq.ft (2024)
• Kollamettu Street (Chen): Rs 660 per sq.ft (2024)
• Kollaimettu Colony (Chen): Rs 660 per sq.ft (2024)
• Kulakkarai Street (Chen): Rs 660 per sq.ft (2024)
• Kasthuri Naga (Chen): Rs 770 per sq.ft (2024)
• Kundanathan Nagar Extn-2 (Chen): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kozhi Pannai (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kozhi Pannai (Chen)?

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

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

The guideline value is a critical factor when buying or selling property in Sengundram - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable during the property registration process. Buyers and sellers must be aware that the guideline value is used to assess the financial obligations related to property transactions.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as determined by the local authorities. It is essential for both parties involved in a transaction to understand how this value impacts their financial responsibilities.

Frequently asked questions

What is the current guideline value of Kozhi Pannai (Chen)?

The current guideline value of Kozhi Pannai (Chen) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Kozhi Pannai (Chen)?

Kozhi Pannai (Chen) is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property in Kozhi Pannai (Chen)?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,80,000, leading to a stamp duty of Rs 61,600 and a registration fee of Rs 17,600, totaling Rs 79,200.

Where is the Chengleput Joint II Sub Registrar Office located?

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