Guideline Value for Periya Sengundhar Koil Street

Periya Sengundhar Koil Street guideline value

The current guideline value of Periya Sengundhar Koil Street is Rs 1,200 per sq.ft. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Special Type - I.

How the guideline value of Periya Sengundhar Koil Street has changed

Over the years, the guideline value of Periya Sengundhar Koil Street has seen significant changes. The register shows that in 2007, the value was Rs 147 per sq.ft, which increased to Rs 400 per sq.ft in 2012, marking an increase of 172%. However, from 2012 to 2017, the value decreased to Rs 268 per sq.ft, a drop of 33%. The value then surged dramatically to Rs 1,200 per sq.ft in both 2023 and 2024, reflecting a remarkable increase of 348% from 2017.

The 2024 revision shows no change from the 2023 figure, maintaining the guideline value at Rs 1,200 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. Periya Sengundhar Koil Street's 2024 figure is above this median.

• Periya Narasambetai Street: Rs 1,500 per sq.ft (2024)
• Pazhaiya Hospital Street: Rs 1,000 per sq.ft (2024)
• Pavodum Thoppu Theru: Rs 1,000 per sq.ft (2024)
• Pattangulam: Rs 401 per sq.ft (2024)
• pattancheri West Street: Rs 700 per sq.ft (2024)
• Pattancheri Road: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Sengundhar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Periya Sengundhar Koil Street?

The Sub Registrar Office that covers Periya Sengundhar Koil Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Uthiramerur

The guideline value is an essential factor in property transactions in Uthiramerur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the stamp duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Periya Sengundhar Koil Street?

The current guideline value of Periya Sengundhar Koil Street is Rs 1,200 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 147 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2024, marking an overall increase of 716% over the years.

What is the land classification for Periya Sengundhar Koil Street?

Periya Sengundhar Koil Street is classified as Residential Special Type - I, which indicates its designated use for residential purposes.

Where can I find the Sub Registrar Office for this street?

The Uthiramerur Sub Registrar Office covers Periya Sengundhar Koil Street and is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 12,00,000, the stamp duty at 7% would be Rs 84,000.