Guideline Value for Senganiamman Koil Street

Senganiamman Koil Street guideline value

The current guideline value of Senganiamman Koil Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO, classified as Residential Special Type - I.

How the guideline value of Senganiamman Koil Street has changed

The guideline value for Senganiamman Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 2,300 per sq.ft. This was followed by a decrease to Rs 1,541 per sq.ft in 2017, a significant drop of 33%. In 2023, the value increased to Rs 2,300 per sq.ft, and in the latest 2024 revision, it rose to Rs 2,530 per sq.ft, marking a 10% increase from the previous year.

There are no recorded figures for Senganiamman Koil Street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen an increase of 10%.

Guideline values in Irumpuliyur

In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, placing Senganiamman Koil Street's 2024 figure above this median.

• Sentamizh Sethu Pillai Street: Rs 2,530 per sq.ft (2024)
• Senthil Murugan Street: Rs 2,530 per sq.ft (2024)
• Sellli amman Koil 1st Street: Rs 3,300 per sq.ft (2024)
• Service Road(Maduravayul ByPass): Rs 1,650 per sq.ft (2024)
• Sathya Sayee Street: Rs 2,200 per sq.ft (2024)
• Sathiya Sai Nagar Main Road 3: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Senganiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total cost for these fees to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Senganiamman Koil Street?

The Senganiamman Koil Street is covered by 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 Irumpuliyur

The guideline value is an essential factor when registering a property in Irumpuliyur. It serves as a reference point for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps establish the minimum price at which the property can be registered. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Senganiamman Koil Street?

The current guideline value of Senganiamman Koil Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then back to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Senganiamman Koil Street?

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100, and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Which Sub Registrar Office covers Senganiamman Koil Street?

The Tambaram Joint 1 Sub Registrar Office covers Senganiamman Koil Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Senganiamman Koil Street?

Senganiamman Koil Street is classified as Residential Special Type - I, indicating its intended use for residential purposes.