Guideline Value for Senbagam Street

Senbagam Street guideline value

The current guideline value of Senbagam Street in Peerklankaranai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Senbagam Street has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This value remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft. Following this, the value saw a significant increase in the 2023 revision, rising to Rs 1,200 per sq.ft, and then to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to 2023, the guideline value increased by 49%. Overall, comparing the 2012 to 2024 revisions, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Senbagam Street is below this median.

• Senthil Murugan Street: Rs 1,980 per sq.ft (2024)
• Seevagasindhamani Street: Rs 1,320 per sq.ft (2024)
• Shankar Street: Rs 1,650 per sq.ft (2024)
• Sathyamurthy Street: Rs 2,200 per sq.ft (2024)
• Sathyamurthi Street Extension: Rs 1,650 per sq.ft (2024)
• Sathiyamoorthy 1st Cross st: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Senbagam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senbagam Street?

The Sub Registrar Office that covers Senbagam Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, 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 Peerklankaranai

The guideline value is a crucial factor during the registration of property transactions in Peerklankaranai. 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 establish a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Senbagam Street?

The current guideline value of Senbagam Street is Rs 1,320 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 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Senbagam Street?

Senbagam Street is classified as Residential Class I Type - III, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in Senbagam Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles the registration for Senbagam Street?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Senbagam Street, located at No.26, mes Road, East Tambaram, Chennai-600059.