Guideline Value for Sengalvarayan Street

Sengalvarayan Street guideline value

The current guideline value of Sengalvarayan Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sengalvarayan Street has changed

The guideline value for Sengalvarayan Street has seen significant changes over the years. The register shows the following revisions: In 2002, the value was Rs 135 per sq.ft, which increased to Rs 146 per sq.ft in 2003. The value then rose to Rs 400 per sq.ft in 2007, followed by a notable increase to Rs 1,700 per sq.ft in 2012. However, it decreased to Rs 1,139 per sq.ft in 2017, and then increased to Rs 1,700 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 1,800 per sq.ft.

From 2023 to 2024, there was an increase of 6%. The overall change from 2002 to 2024 reflects a substantial increase of 1,233%. The register has no figures for the years not mentioned in this summary.

Guideline values in Oragadam

In Oragadam village, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Sengalvarayan Street's 2024 figure below this median.

• Senbagammal Street: Rs 1,900 per sq.ft (2024)
• Selvavinayaga Koil Street: Rs 1,600 per sq.ft (2024)
• Seetharaman Street: Rs 1,600 per sq.ft (2024)
• Seethakathi Street: Rs 1,600 per sq.ft (2024)
• Seenivasa Nagar: Rs 1,100 per sq.ft (2024)
• Sathya Street(Ram Nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sengalvarayan Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sengalvarayan Street?

The Sub Registrar Office covering Sengalvarayan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Oragadam

The guideline value is a crucial factor during property registration in Oragadam. It determines the amount of stamp duty and registration fees payable, ensuring that the transaction is recorded at a regulated value.

When buying or selling a property, the guideline value serves as a benchmark for assessing the property's worth. It is important to note that the duty is charged on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sengalvarayan Street?

The current guideline value of Sengalvarayan Street is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 135 per sq.ft in 2002 to Rs 1,800 per sq.ft in 2024, reflecting an overall increase of 1,233% over the years.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,62,000.

Which office handles property registrations for Sengalvarayan Street?

The Ambattur Sub Registrar Office handles property registrations for Sengalvarayan Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

Where does Sengalvarayan Street's guideline value stand compared to other streets in Oragadam?

The guideline value of Sengalvarayan Street at Rs 1,800 per sq.ft is below the median value of Rs 2,200 per sq.ft for other streets in Oragadam.