Guideline Value for SENGUTTUVAN STREET (WARD -5)

Senguttuvan Street (Ward -5) guideline value

The current guideline value of Senguttuvan Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Senguttuvan Street (Ward -5) has changed

The guideline value for Senguttuvan Street has undergone several revisions over the years. The earliest recorded revision available is from 2012, where the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 804 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, marking a 49% rise. The most recent revision in 2024 raised the guideline value to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for Senguttuvan 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 guideline value in this area is Rs 1,100 per sq.ft, placing Senguttuvan Street's 2024 figure above this median.

• Senguthambi Pavalar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Senkeniamman Koil Street (Ward -2): Rs 550 per sq.ft (2024)
• Senthamil Nagar, Kattankulathur (Ward -17): Rs 990 per sq.ft (2024)
• Senavarayar Street (Ward -6): Rs 1,320 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 Senguttuvan Street (Ward -5)

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 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.

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

Which Sub Registrar Office covers Senguttuvan Street (Ward -5)?

The Sub Registrar Office that covers Senguttuvan Street (Ward -5) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to set realistic expectations regarding their property's worth.

Frequently asked questions

What is the current guideline value of Senguttuvan Street (Ward -5)?

The current guideline value of Senguttuvan Street (Ward -5) 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 seen several changes, with the most recent increase from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, a rise of 10%. From 2017 to 2023, it increased from Rs 804 to Rs 1,200 per sq.ft, a 49% increase.

What is the land classification of Senguttuvan Street?

Senguttuvan Street is classified as Residential Special Type - V, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Senguttuvan Street?

The Sub Registrar Office for Senguttuvan Street (Ward -5) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,20,000, the stamp duty at 7% would be Rs 92,400.