Guideline Value for Sengazhi Amman Kovil Street

Sengazhi Amman Kovil Street guideline value

The current guideline value of Sengazhi Amman Kovil Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Nandhivaram village, under the Gooduvancheri SRO, classified as Residential Class II Type - I.

How the guideline value of Sengazhi Amman Kovil Street has changed

The guideline value for Sengazhi Amman Kovil Street has seen several revisions over the years. The 2002 revision set the value at Rs 102 per sq.ft, which increased significantly to Rs 328 per sq.ft in 2007. Following that, the value rose to Rs 1,000 per sq.ft in 2012, before dropping to Rs 670 per sq.ft in 2017. The 2023 revision maintained the value at Rs 1,000 per sq.ft, with the current 2024 revision also keeping it at Rs 1,000 per sq.ft. The register has no figure for this street in 2003.

From 2017 to 2023, there was a substantial increase of 49%, while the value dropped by 33% from 2012 to 2017. The rise from 2007 to 2012 was remarkable at 205%, and from 2002 to 2007, it increased by 222%. Overall, from 2002 to 2024, the guideline value has increased by 880%.

Guideline values in Nandhivaram

Nandhivaram village has 169 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing Sengazhi Amman Kovil Street below this median.

• Selva Vinayagar Nagar: Rs 1,200 per sq.ft (2024)
• Selvaraj Nagar: Rs 1,000 per sq.ft (2024)
• Senthil Nagar: Rs 3,500 per sq.ft (2024)
• School Street: Rs 1,200 per sq.ft (2024)
• Sathya Sai Nagar: Rs 1,200 per sq.ft (2024)
• Sheela Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sengazhi Amman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost to Rs 90,000. 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 Sengazhi Amman Kovil Street?

The Sub Registrar Office that covers Sengazhi Amman Kovil Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Nandhivaram. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When buying or selling property, the guideline value ensures that transactions are recorded at a fair value, preventing undervaluation. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sengazhi Amman Kovil Street?

The current guideline value of Sengazhi Amman Kovil Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 102 per sq.ft in 2002 to Rs 1,000 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value in Nandhivaram?

The median guideline value for streets in Nandhivaram is Rs 1,500 per sq.ft for the year 2024, with Sengazhi Amman Kovil Street being below this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is typically charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.