Guideline Value for SENAVARAYAR STREET (WARD -6)

Senavarayar Street (Ward -6) guideline value

The current guideline value of Senavarayar Street (Ward -6) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

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

Over the years, the guideline value of Senavarayar Street has undergone several revisions. The earliest available figure dates back to 2012, where it was Rs 1,200 per sq.ft. In the following revision of 2017, the value decreased to Rs 804 per sq.ft, marking a decline of 33%. The 2023 revision saw a significant increase to Rs 1,200 per sq.ft, and the most recent revision in 2024 has set the value at Rs 1,321 per sq.ft, which is a 10% increase from the previous year.

There are no recorded guideline values for Senavarayar Street in the years 2002, 2003, and 2007. The overall change from the 2012 revision to the 2024 revision reflects a modest increase of 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, positioning Senavarayar Street's 2024 figure above the median.

• Senguthambi Pavalar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Senguttuvan Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Senkeniamman Koil Street (Ward -2): Rs 660 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 660 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 1,321 per sq.ft, the total guideline value amounts to Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, and the registration fee at 2% would be Rs 26,420, bringing the total fees to Rs 1,18,890. It is important to note that the 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 detailed calculations.

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

Senavarayar Street (Ward -6) falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ninna Karai. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

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 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,321 per sq.ft in 2024, which is a 10% increase. The value was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What are the other streets in Ninna Karai with their guideline values?

Other streets in Ninna Karai include Senguthambi Pavalar Street and Senguttuvan Street, both at Rs 1,321 per sq.ft in 2024, as well as Senkeniamman Koil Street at Rs 660 per sq.ft, and Senthamil Nagar, Kattankulathur, and Senthil Nagar Ninnaikarai at Rs 990 per sq.ft.

What fees are associated with buying property in Senavarayar Street (Ward -6)?

When purchasing property in Senavarayar Street, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,18,890 based on the current guideline value.

Where can I find information about the Sub Registrar Office for Senavarayar Street?

The Chengleput Joint II Sub Registrar Office covers Senavarayar Street (Ward -6). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.