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 Peramanoor 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

The guideline value for Senguthambi Pavalar Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, which reduced it to Rs 804 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 has further increased the value to Rs 1,320 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for Senguthambi Pavalar Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Senguthambi Pavalar Street's 2024 figure above this median.

• Senguttuvan Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Senkeniamman Koil Street (Ward -2): Rs 550 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 charged at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Peramanoor. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the fees are calculated based on an official valuation rather than the sale price alone.

When you register a property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This practice helps maintain transparency and standardization in property transactions.

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 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 for Senguthambi Pavalar Street?

Senguthambi Pavalar Street is classified as Residential Special Type - V under the Chengleput Joint II SRO.

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 of the property. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at the rate of 7%.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Senguthambi Pavalar Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the link provided.