Guideline Value for SENAVARAYAR STREET (WARD -6)

Senavarayar Street (Ward -6) guideline value

The current guideline value of Senavarayar Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and falls under the Residential Special Type - V land classification.

How the guideline value of Senavarayar Street (Ward -6) has changed

The guideline value for Senavarayar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and further rose to the current rate of Rs 1,320 per sq.ft in the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, the value increased by 49% from 2017 to 2023. Overall, when comparing the 2012 revision to the 2024 revision, there has been a net increase of 10%.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 3,612 per sq.ft. The median value across these streets is Rs 1,100 per sq.ft, placing Senavarayar Street's 2024 figure above that median.

• Senguthambi Pavalar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Senguttuvan Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Senkeniamman Koil Street (Ward -2): Rs 440 per sq.ft (2024)
• Senthamil Nagar, Kattankulathur (Ward -17): Rs 990 per sq.ft (2024)
• Senthil Nagar Ninnaikarai (Ward -19): Rs 990 per sq.ft (2024)
• Selliamman Koil Street (Ward -17): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Senavarayar Street (Ward -6)

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 to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Senavarayar Street (Ward -6)?

Senavarayar Street (Ward -6) is covered by 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 Kattankollatur

The guideline value plays a crucial role during property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees that must be paid when registering a property. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When selling property, the guideline value ensures that the transaction is recorded accurately and fairly in the official records. This value helps maintain transparency in property dealings and is essential for legal documentation during the sale process.

Frequently asked questions

What is the current guideline value of Senavarayar Street (Ward -6)?

The current guideline value of Senavarayar Street (Ward -6) 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 to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft in 2024.

What is the land classification for Senavarayar Street?

Senavarayar Street is classified as Residential Special Type - V, indicating its designated use for residential purposes.

Where can I find the registration office for Senavarayar Street?

The registration office covering Senavarayar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the stamp duty rates applicable for properties in Kattankollatur?

The stamp duty for properties in Kattankollatur is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.