Guideline Value for SHENGUNTHAR NAGAR

Shengunthar Nagar guideline value

The current guideline value of Shengunthar Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, classified as Residential Class III Type - I.

How the guideline value of Shengunthar Nagar has changed

The guideline value of Shengunthar Nagar has seen several revisions over the years. In 2007, the value was Rs 350 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, this value dropped to Rs 536 per sq.ft in 2017. Following this, the guideline value rose to Rs 800 per sq.ft in 2023 and is now set at Rs 880 per sq.ft from 1 July 2024. The register has no figure for this street for the years 2002 and 2003.

Between the revisions, the most notable changes include a 129% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 151%.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Shengunthar Nagar's current guideline value is below this median.

• Sengundhar Nagar Part 2 Phase I: Rs 880 per sq.ft (2024)
• Selai Ramasami Street: Rs 1,320 per sq.ft (2024)
• Soleswaran Koil Street: Rs 880 per sq.ft (2024)
• Rajagopal Boopathi Street Narasaingarayan Street: Rs 2,200 per sq.ft (2024)
• Sundari Avenue Extension: Rs 3,300 per sq.ft (2024)
• Putheri Street (Or) Sangeetha Vithvan Neinapillai Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Shengunthar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total cost Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Shengunthar Nagar?

The Sub Registrar Office that covers Shengunthar Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value plays a crucial role in the registration process when buying or selling property in KANCHIPURAM TOWN 3rd DIVISION. It is used to determine the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps in maintaining transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Shengunthar Nagar?

The current guideline value of Shengunthar Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, marking an overall increase of 151% over the years.

What is the land classification of Shengunthar Nagar?

Shengunthar Nagar is classified as Residential Class III Type - I.

What are the stamp duty rates for property transactions?

The stamp duty rate is 7% of the guideline value, while the registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for Shengunthar Nagar located?

The Kanchipuram Joint II Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.