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. This area is part of Peramanoor village and falls under the Chengleput Joint II SRO. The land classification is Residential Class I Type - II.

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

Over the years, the guideline value of Senthamil Nagar has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 603 per sq.ft. The value remained at Rs 900 per sq.ft in 2012, and then increased to Rs 603 per sq.ft in 2017, followed by a significant increase to Rs 900 per sq.ft in 2023, marking a 49% rise. The current guideline value, effective from 1 July 2024, is Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Senthamil Nagar's 2024 figure below this median.

• Senkeniamman Koil Street (Ward -2): Rs 550 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 be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total charges Rs 89,100. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Senthamil Nagar, Kattankulathur (Ward -17) 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 Peramanoor

The guideline value is a crucial factor when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property transactions.

When registering a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Senthamil Nagar?

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 to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Senthamil Nagar?

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

Where can I find the Sub Registrar Office for Senthamil Nagar?

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

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 at a rate of 7%.