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

Senthamil Nagar, Kattankulathur (Ward -17) guideline value

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

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

The guideline value for Senthamil Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. However, this figure saw a significant increase in the following revisions, with the 2023 revision marking a value of Rs 900 per sq.ft, and the latest 2024 revision increasing it to Rs 990 per sq.ft, reflecting a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while the overall change from 2012 to 2024 shows a modest increase of 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

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. The median guideline value in this area is Rs 1,100 per sq.ft, placing Senthamil Nagar's 2024 figure below that median.

• Senkeniamman Koil Street (Ward -2): Rs 660 per sq.ft (2024)
• Senguttuvan Street (Ward -5): Rs 1,321 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 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 amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these 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.

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

Which Sub Registrar Office covers Senthamil Nagar, Kattankulathur (Ward -17)?

The Chengleput Joint II Sub Registrar Office covers Senthamil Nagar, Kattankulathur (Ward -17). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering a property in Ninna Karai. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the property transaction process. Buyers and sellers must consider this value to ensure compliance with local regulations.

Additionally, the guideline value helps in determining the minimum price at which a property can be sold or purchased. It ensures that the property is not undervalued during registration, protecting both the buyer and the seller in the transaction.

Frequently asked questions

What is the current guideline value for Senthamil Nagar?

The current guideline value for 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 back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Senthamil Nagar?

For a 1,000 sq.ft plot valued at Rs 9,90,000, the stamp duty is Rs 69,300, and the registration fee is Rs 19,800, totaling Rs 89,100.

Which office handles property registration for Senthamil Nagar?

The Chengleput Joint II Sub Registrar Office handles property registration for Senthamil Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

The guideline value is used to calculate stamp duty and registration fees during property transactions. It also establishes a minimum price for buying or selling properties, ensuring compliance with local regulations.