Guideline Value for SENTHIL NAGAR NINNAIKARAI (WARD -19)

Senthil Nagar Ninnaikarai (Ward -19) guideline value

The current guideline value of Senthil Nagar Ninnaikarai (Ward -19) 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 street is Residential Class I Type - II.

How the guideline value of Senthil Nagar Ninnaikarai (Ward -19) has changed

The guideline value for Senthil Nagar Ninnaikarai has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 900 per sq.ft, and then further rose to Rs 990 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Senthil Nagar Ninnaikarai's 2024 figure below that median.

• Seranmadevi Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Senthamil Nagar, Kattankulathur (Ward -17): Rs 990 per sq.ft (2024)
• Senkeniamman Koil Street (Ward -2): Rs 660 per sq.ft (2024)
• Servarayar Street (Per): Rs 1,321 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)

Stamp duty and registration fee for property in Senthil Nagar Ninnaikarai (Ward -19)

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, while the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. 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 Senthil Nagar Ninnaikarai (Ward -19)?

The Sub Registrar Office that covers Senthil Nagar Ninnaikarai (Ward -19) 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 Ninna Karai

The guideline value is a crucial factor during property transactions in Ninna Karai. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the fees are calculated based on an official valuation rather than the sale price alone.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Senthil Nagar Ninnaikarai?

The current guideline value of Senthil Nagar Ninnaikarai (Ward -19) 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 in 2023, and finally to Rs 990 in 2024.

What is the land classification for Senthil Nagar Ninnaikarai?

The land classification for Senthil Nagar Ninnaikarai (Ward -19) is Residential Class I Type - II.

What are the stamp duty rates for property in Senthil Nagar Ninnaikarai?

The stamp duty rate for property in Senthil Nagar Ninnaikarai is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Senthil Nagar Ninnaikarai located?

The Sub Registrar Office for Senthil Nagar Ninnaikarai (Ward -19) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengalpattu registration zone.