Guideline Value for PLATINAM COUNTY (CHEN)

Platinam County (Chen) guideline value

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

How the guideline value of Platinam County (Chen) has changed

Over the years, the guideline value of Platinam County (Chen) has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following a significant increase, the value rose to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 is an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The median value is Rs 880 per sq.ft, making the guideline value of Platinam County (Chen) above this median.

• Platinum Premium County (Chen): Rs 1,100 per sq.ft (2024)
• Pillaiyar Koil Street (Chen): Rs 660 per sq.ft (2024)
• Poompugar Nagar (Chen): Rs 660 per sq.ft (2024)
• Prema Nagar (Chen): Rs 660 per sq.ft (2024)
• Periya Chenkundram (Chen): Rs 660 per sq.ft (2024)
• Ragavendra Nagar (Sith): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Platinam County (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, while 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 precise calculations.

Which Sub Registrar Office covers Platinam County (Chen)?

The Sub Registrar Office that covers Platinam County (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 information.

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

The guideline value plays a crucial role in property transactions in Sengundram - 1. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing property.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees, ensuring that the registration process is aligned with the official valuations set by the government.

Frequently asked questions

What is the current guideline value of Platinam County (Chen)?

The current guideline value of Platinam County (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 to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Platinam County (Chen)?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Platinam County (Chen)?

The Chengleput Joint II Sub Registrar Office handles property registrations for Platinam County (Chen), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions, ensuring that these costs are based on official valuations set by the government.