Guideline Value for SENTHAMIL NAGAR, KATTANKULATHUR (WARD -17)

Senthamil Nagar, Kattankulathur (Ward -17) guideline value

The current guideline value of Senthamil Nagar, Kattankulathur (Ward -17) is Rs 990 per sq.ft, effective from 1 July 2024. This area is classified under Residential Class I Type - II and falls within Kattankollatur village, governed by the Chengleput Joint II SRO.

How the guideline value of Senthamil Nagar, Kattankulathur (Ward -17) has changed

The guideline value for Senthamil Nagar has experienced several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged until the 2017 revision, where it decreased by 33% to Rs 603 per sq.ft. In 2023, the value increased to Rs 900 per sq.ft, and the latest revision in 2024 has further raised it to Rs 990 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, comparing the 2012 revision to the current 2024 figure, there has been a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which means that Senthamil Nagar's current guideline value is below this median.

• Senkeniamman Koil Street (Ward -2): Rs 440 per sq.ft (2024)
• Senguttuvan Street (Ward -5): Rs 1,320 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 Senthamil Nagar, Kattankulathur (Ward -17)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. It is essential 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 Senthamil Nagar, Kattankulathur (Ward -17)?

The Sub Registrar Office covering Senthamil Nagar 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 more information.

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

The guideline value plays a crucial role in property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate applicable fees such as stamp duty and registration charges. This ensures that all property transactions are conducted transparently and fairly, adhering to the established legal framework.

Frequently asked questions

What is the current guideline value of Senthamil Nagar, Kattankulathur (Ward -17)?

The current guideline value of Senthamil Nagar, Kattankulathur (Ward -17) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Senthamil Nagar?

Senthamil Nagar is classified under Residential Class I Type - II, indicating its suitability for residential development.

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, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Senthamil Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 69,300 based on the current guideline value.