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 part of Peramanoor 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 seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value increased significantly to Rs 900 per sq.ft in the 2023 revision, and then rose again to Rs 990 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, there was a substantial increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, 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 Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Senthil Nagar Ninnaikarai's 2024 figure below this 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 550 per sq.ft (2024)
• Servarayar Street (Per): Rs 1,320 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)

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 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 cost Rs 89,100. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar Ninnaikarai (Ward -19)?

The Sub Registrar Office covering Senthil Nagar Ninnaikarai (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the 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 in the registration process when buying or selling property in Peramanoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented according to the established rates.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Senthil Nagar Ninnaikarai (Ward -19)?

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

What is the land classification of Senthil Nagar Ninnaikarai?

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

Where can I find the Sub Registrar Office for Senthil Nagar Ninnaikarai?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300, and the registration fee would be Rs 19,800.