Guideline Value for SENKAZHANI AMMAN KOIL STREET

Senkazhani Amman Koil Street guideline value

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

How the guideline value of Senkazhani Amman Koil Street has changed

The guideline value for Senkazhani Amman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the latest 2024 revision raised it further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Uthandi

In Uthandi village, 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, with a median value of Rs 1,700 per sq.ft. The guideline value for Senkazhani Amman Koil Street is above this median.

• Senkazhani Amman Koil Cross 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 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 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senkazhani Amman Koil Street?

The Sub Registrar Office that covers Senkazhani Amman Koil Street is 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 is a crucial factor when registering property transactions in Uthandi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the official valuation of the property.

When buying or selling property, the guideline value helps to establish a fair price for the transaction, as it reflects the official assessment by the Registration Department. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

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

The current guideline value of Senkazhani Amman Koil 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 for Senkazhani Amman Koil Street?

The land classification for Senkazhani Amman Koil Street is Residential Class II Type - I.

Where is the Neelankarai Sub Registrar Office located?

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 property in Senkazhani Amman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,54,000 at 7% of the guideline value.