Guideline Value for SERANMADEVI STREET (WARD -8)

Seranmadevi Street (Ward -8) guideline value

The current guideline value of Seranmadevi Street (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village under the Chengleput Joint II SRO, and it falls under the Residential Special Type - III land classification.

How the guideline value of Seranmadevi Street (Ward -8) has changed

The guideline value for Seranmadevi Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,072 per sq.ft, marking a decrease of 33%. In the following years, the value increased significantly, reaching Rs 1,600 per sq.ft in 2023, and then rising to Rs 1,760 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The 2017 revision had a notable increase of 49% to the 2023 figure, highlighting the fluctuations in the guideline value over the years. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Seranmadevi Street's 2024 value above the median.

• Senthil Nagar Ninnaikarai (Ward -19): Rs 990 per sq.ft (2024)
• Servarayar Street (Per): Rs 1,321 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)
• 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 Seranmadevi Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Seranmadevi Street (Ward -8)?

The Sub Registrar Office that covers Seranmadevi Street (Ward -8) 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 Ninna Karai

The guideline value is essential during the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Seranmadevi Street (Ward -8)?

The current guideline value of Seranmadevi Street (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What are the other streets in Ninna Karai?

Other streets in Ninna Karai include Senthil Nagar Ninnaikarai, Servarayar Street, Senthamil Nagar, Senkeniamman Koil Street, Senguttuvan Street, and Senguthambi Pavalar Street, each with their respective guideline values.

What is the role of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It serves as a benchmark for these fees and is crucial during the registration process.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Chengleput Joint II SRO located at 10, Kancheepuram Main Road, Chengalpattu 603 002, or by using the online resource provided.