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 Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

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

Over the years, the guideline value for Senguthambi Pavalar Street has seen several revisions. In the 2012 revision, the value was Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. The 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision set it at Rs 1,320 per sq.ft. There are no figures available for the years 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a slight increase of 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that have a guideline value for 2024, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets is Rs 990 per sq.ft, placing Senguthambi Pavalar Street 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 would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. 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 Panangottur

The guideline value is a crucial factor in property transactions in Panangottur. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to consider the guideline value as it directly impacts the overall cost of the transaction. Proper understanding of these values can help in making informed decisions during property dealings.

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 1,320 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 increased 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 for Senguthambi Pavalar Street?

The land classification for Senguthambi Pavalar Street (Ward -7) is Residential Special Type - V.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total charge of Rs 1,18,800.

Which office handles registrations for Senguthambi Pavalar Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Senguthambi Pavalar Street (Ward -7), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.