Guideline Value for SENKENIAMMAN KOIL STREET (WARD -2)

Senkeniamman Koil Street (Ward -2) guideline value

The current guideline value of Senkeniamman Koil Street (Ward -2) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Senkeniamman Koil Street (Ward -2) has changed

The guideline value of Senkeniamman Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 400 per sq.ft. In 2017, this value decreased to Rs 268 per sq.ft, marking a decline of 33%. However, by 2023, the value rose significantly to Rs 400 per sq.ft, and in 2024, it further increased to Rs 440 per sq.ft, reflecting a 10% rise from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The 2023 revision saw a 10% increase from the previous year's value of Rs 400 per sq.ft. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing the 2024 figure for Senkeniamman Koil Street below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Senkeniamman Koil Street (Ward -2)?

The Sub Registrar Office that covers Senkeniamman Koil Street (Ward -2) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is registered at a value that reflects the market conditions.

When registering a property, buyers and sellers must consider the guideline value as it directly impacts the stamp duty and registration fees. This ensures that the fees collected are based on an accurate valuation of the property being transferred.

Frequently asked questions

What is the current guideline value of Senkeniamman Koil Street (Ward -2)?

The current guideline value of Senkeniamman Koil Street (Ward -2) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Senkeniamman Koil Street (Ward -2)?

Senkeniamman Koil Street (Ward -2) is classified as Residential Class II Type - II.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How do I calculate stamp duty and registration fees for property transactions?

Stamp duty and registration fees can be calculated based on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.