Guideline Value for SERVARAYAR STREET (PER)

Servarayar Street (Per) guideline value

The current guideline value of Servarayar Street (Per) in Ninna Karai village is Rs 1,321 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Servarayar Street (Per) has changed

The guideline value for Servarayar Street (Per) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,321 per sq.ft, an increase of 10% from the 2023 revision of Rs 1,200 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 804 per sq.ft, marking a significant increase of 49% from the previous 2023 figure. The 2012 revision also had a value of Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no recorded 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 Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with 2024 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 Servarayar Street (Per) above this median with its current value of Rs 1,321 per sq.ft.

• Seranmadevi Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Senthil Nagar Ninnaikarai (Ward -19): Rs 990 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 Servarayar Street (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, and the registration fee at 2% would be Rs 26,420, totaling Rs 1,18,890. 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 Servarayar Street (Per)?

The Sub Registrar Office that covers Servarayar Street (Per) 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 a crucial factor in the registration process when buying or selling property in Ninna Karai. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When a property is sold, the guideline value helps determine the official value of the property for registration purposes. This ensures that the government receives the appropriate revenue from stamp duty and registration fees based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Servarayar Street (Per)?

The current guideline value of Servarayar Street (Per) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,321 per sq.ft in 2024, reflecting a 10% increase. From 2017 to 2023, it increased by 49% from Rs 804 per sq.ft.

What is the land classification for Servarayar Street (Per)?

Servarayar Street (Per) is classified as Residential Special Type - V under the Chengleput Joint II SRO.

Where can I find the Sub Registrar Office for Servarayar Street (Per)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property in Servarayar Street (Per)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 13,21,000, resulting in a stamp duty of Rs 92,470 at 7%.