Guideline Value for SENKAZHANI AMMAN KOIL CROSS STREET

Senkazhani Amman Koil Cross Street guideline value

The current guideline value of Senkazhani Amman Koil Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village under the Neelankarai SRO and is classified as Residential Class II Type - I.

How the guideline value of Senkazhani Amman Koil Cross Street has changed

The guideline value for Senkazhani Amman Koil Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, making the 2024 guideline value of Senkazhani Amman Koil Cross Street above this median.

• Senkazhani Amman Koil Street: Rs 2,200 per sq.ft (2024)
• Sengalani Amman Koil Street: Rs 2,200 per sq.ft (2024)
• Sengalani Amman Koil Cross Street: Rs 2,200 per sq.ft (2024)
• Shanmugam Garden: Rs 1,100 per sq.ft (2024)
• Shore Line Institute: Rs 1,100 per sq.ft (2024)
• Shreyas Samudhra Ranganathan Avenue: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Senkazhani Amman Koil Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Senkazhani Amman Koil Cross Street?

The Senkazhani Amman Koil Cross Street is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Uthandi. It is used to determine the stamp duty and registration fees when buying or selling property. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with legal requirements. This helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Senkazhani Amman Koil Cross Street?

The current guideline value of Senkazhani Amman Koil Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Senkazhani Amman Koil Cross Street?

Senkazhani Amman Koil Cross Street is classified as Residential Class II Type - I.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Uthandi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.