Guideline Value for Sengazhani Amman Street

Sengazhani Amman Street guideline value

The current guideline value of Sengazhani Amman Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sengazhani Amman Street has changed

The guideline value for Sengazhani Amman Street has undergone several revisions over the years. In 2002, the value was Rs 172 per sq.ft, which increased to Rs 193 per sq.ft in 2003, marking a change of +12%. The value then saw a significant rise to Rs 1,000 per sq.ft in 2007, reflecting an increase of +418%. In 2012, the value was Rs 2,000 per sq.ft, indicating a decrease of -33% from the previous revision. The guideline value further increased to Rs 1,340 per sq.ft in 2017, which was a rise of +49%. The most recent revision in 2023 set the value at Rs 2,000 per sq.ft, followed by the current rate of Rs 2,200 per sq.ft in 2024, showing an increase of +10%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,800 per sq.ft, placing Sengazhani Amman Street's 2024 figure below that median.

• Selvaganapathi Koil Street South: Rs 2,800 per sq.ft (2024)
• Selvaganapathi Koil Street North: Rs 2,800 per sq.ft (2024)
• Selvaganapathi Koil Street: Rs 2,800 per sq.ft (2024)
• Seenivasa Street: Rs 3,900 per sq.ft (2024)
• Sathiyanarayana Street: Rs 3,900 per sq.ft (2024)
• S I S I Colony: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sengazhani Amman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sengazhani Amman Street?

The Sub Registrar Office that covers Sengazhani Amman Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Ullagaram. It serves as a benchmark for determining the minimum price at which properties can be registered. When buying or selling property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it impacts the overall cost of property transactions. It ensures that the property is valued correctly for registration purposes, facilitating a transparent process.

Frequently asked questions

What is the current guideline value of Sengazhani Amman Street?

The current guideline value of Sengazhani Amman 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 seen several revisions, starting from Rs 172 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, representing an overall increase of +1179% over the years.

What is the land classification of Sengazhani Amman Street?

Sengazhani Amman Street is classified as Residential Class II Type - II under the Alandur SRO.

Where can I find the Sub Registrar Office for Sengazhani Amman Street?

The Sub Registrar Office for Sengazhani Amman Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for property in Sengazhani Amman Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,54,000.