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 Sattamangalam 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

Over the years, the guideline value of Senguttuvan Street has seen several revisions. The earliest recorded figure is from 2012, where the value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 1,200 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the revisions in 2002, 2003, and 2007 for Senguttuvan Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

Sattamangalam village has a total of 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft as of 2024. The median value across these streets is Rs 1,100 per sq.ft, placing Senguttuvan Street's 2024 figure above the median.

• Senguthambi Pavalar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Senkeniamman Koil Street (Ward -2): Rs 440 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 amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

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

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

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

The guideline value plays a crucial role in property transactions in Sattamangalam. It serves as the minimum value for which properties can be registered, ensuring that the government receives appropriate revenue from property sales. Buyers and sellers must consider this value when negotiating sale prices, as it may affect the overall transaction costs.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the registration process is fair and transparent.

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 much has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase. From 2017 to 2023, it increased from Rs 804 per sq.ft to Rs 1,200 per sq.ft, a change of 49%.

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

Other streets in Sattamangalam include Senguthambi Pavalar Street and Senavarayar Street, both at Rs 1,320 per sq.ft, while Senkeniamman Koil Street is at Rs 440 per sq.ft. Senthamil Nagar, Kattankulathur is valued at Rs 990 per sq.ft, and Seranmadevi Street is at Rs 1,760 per sq.ft.

What are the registration fees based on the guideline value?

The registration fees are calculated based on the guideline value, which is currently Rs 1,320 per sq.ft for Senguttuvan Street. For a 1,000 sq.ft plot, the total guideline value would be Rs 13,20,000, leading to a stamp duty of Rs 92,400 and a registration fee of Rs 26,400.

Where can I find more information about the Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office covers Senguttuvan Street (Ward -5). For more information, you can visit the office located at 10, Kancheepuram Main Road, Chengalpattu 603 002, or use the find your SRO link for assistance.