Guideline Value for Sengeni Amman Koil Street

Sengeni Amman Koil Street guideline value

The current guideline value of Sengeni Amman Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sengeni Amman Koil Street has changed

The guideline value for Sengeni Amman Koil Street has seen several revisions over the years. In 2002, the value was Rs 88 per sq.ft, which increased to Rs 100 per sq.ft in 2003. The value then rose significantly to Rs 500 per sq.ft in 2007, followed by a jump to Rs 1,500 per sq.ft in 2012. However, it decreased to Rs 1,005 per sq.ft in 2017. The value increased again to Rs 1,500 per sq.ft in 2023, and most recently, it is set at Rs 1,700 per sq.ft from 1 July 2024. The changes between revisions include a 13% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 200% increase from 2007 to 2012, a 400% increase from 2003 to 2007, and a 14% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 1,832%.

Guideline values in Neelankarai

In Neelankarai village, there are 377 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making Sengeni Amman Koil Street's 2024 figure below that median.

• Sengeni Amman Koil 4th Street: Rs 1,700 per sq.ft (2024)
• Sengeni Amman Koil 3rd Street: Rs 1,700 per sq.ft (2024)
• Sengeni Amman Koil 2nd Street: Rs 1,700 per sq.ft (2024)
• Sengeni Amman Koil 1st Street: Rs 1,700 per sq.ft (2024)
• Senthamarai Kannan Nagar: Rs 2,800 per sq.ft (2024)
• Selva Vinayagar Koil Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sengeni Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. 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 details.

Which Sub Registrar Office covers Sengeni Amman Koil Street?

The Sub Registrar Office that covers Sengeni Amman Koil Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Neelankarai. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. Buyers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the applicable fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sengeni Amman Koil Street?

The current guideline value of Sengeni Amman Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 88 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 1,832% over the years.

What are the stamp duty and registration fees for property in Sengeni Amman Koil Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 17,00,000, the total fees would amount to Rs 1,53,000.

Which Sub Registrar Office covers Sengeni Amman Koil Street?

The Neelankarai Sub Registrar Office covers Sengeni Amman Koil Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification of Sengeni Amman Koil Street?

Sengeni Amman Koil Street is classified as Residential Class III Type - I, indicating the type of development permissible in the area.