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 located in Sattamangalam village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

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

In the 2012 revision, the guideline value was Rs 900 per sq.ft. This decreased to Rs 603 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 900 per sq.ft. The most recent revision in 2024 saw a further increase of 10%, resulting in the current guideline value of Rs 990 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Senthamil Nagar, Kattankulathur (Ward -17) 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 rate of Rs 990 per sq.ft, the guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total Rs 89,100. Please note that duty is charged on the higher of the guideline value or the sale price. 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 Sattamangalam

The guideline value is a crucial factor in property transactions in Sattamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two is used to calculate the stamp duty and registration fees, which are mandatory during the registration process.

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 seen several changes, starting from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then rising to Rs 900 per sq.ft in 2023, and finally reaching Rs 990 per sq.ft in 2024.

What is the land classification for Senthamil Nagar?

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

What is the range of guideline values in Sattamangalam?

The guideline values in Sattamangalam range from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft.

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

The Sub Registrar Office for Senthamil Nagar, Kattankulathur (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.