Guideline Value for Sengamudali Nagar 4th Street

Sengamudali Nagar 4th Street guideline value

The current guideline value of Sengamudali Nagar 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sengamudali Nagar 4th Street has changed

The guideline value for Sengamudali Nagar 4th Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision. However, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision further raised it to Rs 2,200 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased significantly by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft as of 2024. The median guideline value in this area is Rs 2,700 per sq.ft, indicating that Sengamudali Nagar 4th Street's current value is below this median.

• Sengamudali Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Sengamudali Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Sengamudali Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Senthamizh Selvan Street: Rs 2,200 per sq.ft (2024)
• Selva Vinayagar Nagar: Rs 2,700 per sq.ft (2024)
• Selvaraj Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sengamudali Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sengamudali Nagar 4th Street?

The Sub Registrar Office that covers Sengamudali Nagar 4th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the authorities.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers should be aware that the stamp duty is calculated on the higher of the guideline value or the actual sale price, whichever is greater.

Frequently asked questions

What is the current guideline value of Sengamudali Nagar 4th Street?

The current guideline value of Sengamudali Nagar 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft as of 2024, which is higher than the current value of Sengamudali Nagar 4th Street.

What are the stamp duty and registration fees for property in Sengamudali Nagar 4th Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Sengamudali Nagar 4th Street?

The Madhavaram Sub Registrar Office handles registrations for Sengamudali Nagar 4th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.