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 Sattamangalam 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 was then reduced to Rs 603 per sq.ft in 2017. Following that, the 2023 revision increased the value to Rs 900 per sq.ft, and the most recent 2024 revision has set it at Rs 990 per sq.ft. The register has no figure for this street in 2002, 2003, and 2007.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 10%. 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 Senthil Nagar Ninnaikarai is 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 440 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, bringing the total fees together to 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 information.

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 details.

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

The guideline value is a critical reference point during property registration in Sattamangalam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential for buyers to be aware of the guideline value to ensure they are not overpaying for a property.

Frequently asked questions

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

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

What is the land classification for Senthil Nagar Ninnaikarai?

Senthil Nagar Ninnaikarai is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value or sale price.

Where can I find more information about the Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office covers Senthil Nagar Ninnaikarai (Ward -19) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. More information can be found by visiting the link provided.