Guideline Value for SENGALUNEERODAI STREET

Sengaluneerodai Street guideline value

The current guideline value of Sengaluneerodai Street is Rs 2,750 per sq.ft. This street is located in Kanchipuram Town village and falls under the Kanchipuram Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sengaluneerodai Street has changed

The guideline value for Sengaluneerodai Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,675 per sq.ft. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision has raised it further to Rs 2,750 per sq.ft.

Between the revisions, there have been notable changes. From 2017 to 2023, the guideline value increased by 49%. The 2023 to 2024 revision saw a 10% increase. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a net increase of 10%.

Guideline values in Kanchipuram Town

Kanchipuram Town has a total of 85 streets under the Kanchipuram Joint I SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, placing Sengaluneerodai Street's 2024 value above this median.

• Sathhan Kuttai Street: Rs 1,650 per sq.ft (2024)
• Sarvatheertham Vadakarai Street: Rs 1,210 per sq.ft (2024)
• Sarvatheertham Thenkarai Street: Rs 1,210 per sq.ft (2024)
• Sarvatheertham Street: Rs 1,210 per sq.ft (2024)
• Sarvatheertham Melkarai Street: Rs 1,210 per sq.ft (2024)
• Sangeetha Vithvan Nainapillai Street (Or)puthheri Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sengaluneerodai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 details.

Which Sub Registrar Office covers Sengaluneerodai Street?

The Sub Registrar Office that covers Sengaluneerodai Street is the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Kanchipuram Town. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of property transfer.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected based on the established rates. This process is vital for maintaining transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Sengaluneerodai Street?

The current guideline value of Sengaluneerodai Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the registration fee for properties on Sengaluneerodai Street?

The registration fee is calculated at 2% of the guideline value. For example, on a 1,000 sq.ft property valued at Rs 27,50,000, the registration fee would be Rs 55,000.

Which office handles property registrations for Sengaluneerodai Street?

The Kanchipuram Joint I Sub Registrar Office handles property registrations for Sengaluneerodai Street, located at No.52 Orikkai Madura, Udhayamangalam Village, Kanchipuram.

What are the other streets with guideline values in Kanchipuram Town?

Other streets in Kanchipuram Town include Sathhan Kuttai Street at Rs 1,650 per sq.ft, Sarvatheertham Vadakarai Street at Rs 1,210 per sq.ft, and Sangeetha Vithvan Nainapillai Street (Or)puthheri Street at Rs 2,750 per sq.ft.