Guideline Value for SENGAM PILLAI NAGAR

Sengam Pillai Nagar guideline value

The current guideline value of Sengam Pillai Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Vallur village under the Thiruvottiyur SRO and is classified as Residential Class I Type - II.

How the guideline value of Sengam Pillai Nagar has changed

The guideline value for Sengam Pillai Nagar has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw a further increase to Rs 330 per sq.ft, reflecting a 10% change from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Vallur

In Vallur village, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 551 per sq.ft. The median value for these streets is Rs 220 per sq.ft, placing Sengam Pillai Nagar's 2024 figure above this median.

• Semmozhi Nagar: Rs 550 per sq.ft (2024)
• Saraswathi Nagar: Rs 220 per sq.ft (2024)
• Sanjai Ganthi Nagar: Rs 550 per sq.ft (2024)
• Sakthi Nagar: Rs 330 per sq.ft (2024)
• Sri Balaji Nagar: Rs 220 per sq.ft (2024)
• Sababathi Nagar/ Ext: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Sengam Pillai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty is charged at 7%, amounting to Rs 23,100, while the registration fee at 2% comes to Rs 6,600. Together, these fees total Rs 29,700. 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 detailed calculations.

Which Sub Registrar Office covers Sengam Pillai Nagar?

The Sub Registrar Office that covers Sengam Pillai Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Vallur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value is set by the local authorities and reflects the minimum price at which properties in the area can be registered.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value. This ensures that the appropriate taxes are levied during the registration process. The guideline value helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Sengam Pillai Nagar?

The current guideline value of Sengam Pillai Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since 2017, the guideline value has increased from Rs 201 per sq.ft to Rs 330 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the stamp duty rate for properties in Sengam Pillai Nagar?

The stamp duty rate for properties in Sengam Pillai Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sengam Pillai Nagar?

The Sub Registrar Office for Sengam Pillai Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What are the other streets in Vallur with their guideline values?

Other streets in Vallur have varying guideline values. For example, Semmozhi Nagar and Sanjai Ganthi Nagar have a guideline value of Rs 550 per sq.ft, while Saraswathi Nagar, Sri Balaji Nagar, and Sababathi Nagar/ Ext are at Rs 220 per sq.ft.