Guideline Value for PERIYA CHENKUNDRAM (CHEN)

Periya Chenkundram (Chen) guideline value

The current guideline value of Periya Chenkundram (Chen) is Rs 660 per sq.ft, effective from 1 July 2024. This village falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

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

Over the years, the guideline value for Periya Chenkundram (Chen) has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the 2023 revision increased it to Rs 600 per sq.ft, and the most recent 2024 revision raised it further to Rs 660 per sq.ft, marking a 10% increase from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%, reflecting the adjustments made over the years.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with a 2024 guideline value range from Rs 660 to Rs 3,285 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Periya Chenkundram (Chen) below that median.

• Parthasarathi Nagar (Chen): Rs 880 per sq.ft (2024)
• Parasakthi Nagar Part C (Chen): Rs 1,100 per sq.ft (2024)
• Pillaiyar Koil Street (Chen): Rs 660 per sq.ft (2024)
• Platinam County (Chen): Rs 1,100 per sq.ft (2024)
• Platinum Premium County (Chen): Rs 1,100 per sq.ft (2024)
• Poompugar Nagar (Chen): Rs 660 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, resulting in a total of Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periya Chenkundram (Chen)?

The Sub Registrar Office that covers Periya Chenkundram (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 more details.

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

The guideline value is a crucial factor during property transactions in Sengundram - 1, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the applicable stamp duty and registration fees.

When registering a property, the guideline value serves as a baseline for the transaction. It is essential for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Periya Chenkundram (Chen) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

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

Periya Chenkundram (Chen) is classified as Residential Class I Type - III.

Where is the Sub Registrar Office for Periya Chenkundram (Chen)?

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

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 6,60,000 would incur a stamp duty of Rs 46,200 at 7%.