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 Panangottur 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

Over the years, the guideline value for Senkeniamman Koil Street has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 400 per sq.ft. The most recent revision in 2024 has increased the guideline value to Rs 440 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Senkeniamman Koil Street. Therefore, the only relevant revisions are from 2012, 2017, 2023, and the current 2024 figure.

Guideline values in Panangottur

In Panangottur, there are a total of 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets is Rs 990 per sq.ft, indicating that Senkeniamman Koil Street's 2024 value is below the 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, charged at 7%, would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800. Together, the total cost for these fees would be Rs 39,600. 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 Senkeniamman Koil Street (Ward -2)?

Senkeniamman Koil Street (Ward -2) is covered by 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 Panangottur

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Panangottur, the guideline value serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the registration department.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall transaction costs. The registration office uses this value to assess the applicable fees, which are mandatory for completing the property transfer 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 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 are the stamp duty and registration fees for properties in this area?

The stamp duty for properties in Senkeniamman Koil Street is 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 39,600.

Which office registers properties in Senkeniamman Koil Street?

The Chengleput Joint II Sub Registrar Office is responsible for registering properties in Senkeniamman Koil Street (Ward -2). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum price for property registration and is used to calculate stamp duty and registration fees. It ensures that these costs are based on an official valuation, making the transaction process transparent.