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 660 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

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

The guideline value for Senkeniamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased to Rs 600 per sq.ft in the 2023 revision, and currently stands at Rs 660 per sq.ft as per the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change is an increase of 10%. The increase from 2017 to 2023 was 49%, while the change from 2012 to 2017 was a decrease of 33%. The most recent change from 2023 to 2024 reflects a 10% increase in the guideline value per sq.ft.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 1,100 per sq.ft, indicating that the guideline value for Senkeniamman Koil Street is below this median.

• Senguttuvan Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Senthamil Nagar, Kattankulathur (Ward -17): Rs 990 per sq.ft (2024)
• Senguthambi Pavalar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Senavarayar Street (Ward -6): Rs 1,321 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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ninna Karai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer or seller engages in a property transaction, the guideline value is referenced to calculate the applicable fees. It is essential for both parties to 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 Senkeniamman Koil Street (Ward -2)?

The current guideline value of Senkeniamman Koil Street (Ward -2) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and is now Rs 660 per sq.ft in 2024.

What is the land classification for Senkeniamman Koil Street?

Senkeniamman Koil Street is classified as Residential Class I Type - III.

What is the median guideline value in Ninna Karai?

The median guideline value in Ninna Karai is Rs 1,100 per sq.ft, which is higher than the current value for Senkeniamman Koil Street.

Where can I find the Sub Registrar Office for Senkeniamman Koil Street?

The Sub Registrar Office for Senkeniamman Koil Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.