Guideline Value for SENGUTHAMBI PAVALAR STREET (WARD -7)

Senguthambi Pavalar Street (Ward -7) guideline value

The current guideline value of Senguthambi Pavalar Street (Ward -7) 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, classified as Residential Special Type - V.

How the guideline value of Senguthambi Pavalar Street (Ward -7) has changed

The guideline value for Senguthambi Pavalar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,200 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 1,320 per sq.ft, reflecting a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Kattankollatur

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

• Senguttuvan Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Senkeniamman Koil Street (Ward -2): Rs 440 per sq.ft (2024)
• Senavarayar Street (Ward -6): Rs 1,320 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)
• Seranmadevi Street (Ward -8): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Senguthambi Pavalar Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value is Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senguthambi Pavalar Street (Ward -7)?

The Sub Registrar Office that covers Senguthambi Pavalar Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kattankollatur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Senguthambi Pavalar Street (Ward -7)?

The current guideline value of Senguthambi Pavalar Street (Ward -7) 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 back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Senguthambi Pavalar Street?

Senguthambi Pavalar Street is classified as Residential Special Type - V, indicating its suitability for residential purposes.

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

Other streets in Kattankollatur include Senguttuvan Street and Senavarayar Street, both at Rs 1,320 per sq.ft, while Senkeniamman Koil Street is at Rs 440 per sq.ft, and Senthamil Nagar and Senthil Nagar Ninnaikarai are at Rs 990 per sq.ft.

Where is the Sub Registrar Office for Senguthambi Pavalar Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.