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 1,321 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 Senguthambi Pavalar Street (Ward -7) has changed

Since the 2012 revision, the guideline value for Senguthambi Pavalar Street has seen several changes. In 2012, the value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,200 per sq.ft. The latest revision in 2024 set the guideline value at Rs 1,321 per sq.ft, reflecting a 10% increase from the previous year, 2023.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

In Ninna Karai, there are 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, placing Senguthambi Pavalar Street's 2024 figure above this median.

• Senguttuvan Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Senkeniamman Koil Street (Ward -2): Rs 660 per sq.ft (2024)
• Senavarayar Street (Ward -6): Rs 1,321 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 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, and the registration fee at 2% would be Rs 26,420, totaling Rs 1,18,890. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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 Ninna Karai

The guideline value is a crucial factor when buying or selling property in Ninna Karai. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during property transactions.

When registering a property, the guideline value serves as a benchmark for valuation. This means that if the sale price of a property is lower than the guideline value, the stamp duty will be calculated based on the guideline value to ensure that the government receives the appropriate revenue from the transaction.

Frequently asked questions

What is the current guideline value of Senguthambi Pavalar Street?

The current guideline value of Senguthambi Pavalar Street (Ward -7) 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, starting from Rs 1,200 per sq.ft in 2012, dropping to Rs 804 per sq.ft in 2017, then rising to Rs 1,200 per sq.ft in 2023, and finally reaching Rs 1,321 per sq.ft in 2024.

What is the registration office for Senguthambi Pavalar Street?

The registration 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.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,21,000, the stamp duty at 7% would be Rs 92,470.

What is the land classification for Senguthambi Pavalar Street?

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