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 550 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor 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 for Senkeniamman Koil Street has seen several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft. This figure remained unchanged until 2017, when it dropped to Rs 335 per sq.ft. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, and then further rose to Rs 550 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, when comparing the figures from 2012 to 2024, there has been a modest increase of 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Senkeniamman Koil Street's current value is 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, making the total cost for these fees Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, 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, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Peramanoor. It is used to determine the stamp duty and registration fees that a buyer must pay when acquiring property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When selling property, the guideline value is also significant as it helps establish a baseline for pricing. Buyers and sellers often refer to the guideline value to negotiate the terms of the sale and ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Senkeniamman Koil Street?

The current guideline value of Senkeniamman Koil Street (Ward -2) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Senkeniamman Koil Street?

Senkeniamman Koil Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 5,50,000, the stamp duty is Rs 38,500 and the registration fee is Rs 11,000, totaling Rs 49,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Senkeniamman Koil Street?

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