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Guideline Value

Corporate

Guideline Value for SRI SAI SRINIVASA NAGAR (CHEN)

₹1100/sq.ft.

The guideline value for Sri Sai Srinivasa Nagar (chen) in Sengundram - 1 village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sengundram - 1

Village

Chengleput Joint II

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Sai Srinivasa Nagar (chen)

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Sri Sai Srinivasa Nagar (Chen) guideline value

The current guideline value for Sri Sai Srinivasa Nagar (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Sengundram - 1 village under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Sri Sai Srinivasa Nagar (Chen) has changed

The guideline value for Sri Sai Srinivasa Nagar (Chen) has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it saw a significant increase of 49%. Overall, from 2012 to 2024, 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 Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, making the guideline value for Sri Sai Srinivasa Nagar (Chen) above this median.

Stamp duty and registration fee for property in Sri Sai Srinivasa Nagar (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Srinivasa Nagar (Chen)?

The Sub Registrar Office that covers Sri Sai Srinivasa Nagar (Chen) 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 information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sengundram - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Sri Sai Srinivasa Nagar (Chen)?

The current guideline value for Sri Sai Srinivasa Nagar (Chen) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and is currently Rs 1,100 per sq.ft in 2024.

What are the guideline values of other streets in Sengundram - 1?

Other streets in Sengundram - 1 have varying guideline values, ranging from Rs 660 to Rs 3,285 per sq.ft, with a median value of Rs 880 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 99,000.

Where can I find the Sub Registrar Office for Sri Sai Srinivasa Nagar (Chen)?

The Chengleput Joint II Sub Registrar Office covers Sri Sai Srinivasa Nagar (Chen) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.