Guideline Value for Sengothai Amman Koil Street

Sengothai Amman Koil Street guideline value

The current guideline value of Sengothai Amman Koil Street is Rs 3,750 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Sengothai Amman Koil Street has changed

Over the years, the guideline value of Sengothai Amman Koil Street has seen several revisions. The 2012 revision set the value at Rs 3,500 per sq.ft, which was a decrease of 33% from the 2017 revision, where the value was Rs 2,345 per sq.ft. The 2023 revision increased the value to Rs 3,500 per sq.ft, and the current 2024 revision has further increased it to Rs 3,750 per sq.ft, marking a 7% rise from the previous year.

Notably, there are no figures available for this street in the revisions from 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with the median being Rs 2,150 per sq.ft. The guideline value of Sengothai Amman Koil Street is above this median.

• Sekaran Street: Rs 880 per sq.ft (2024)
• Seevagasinthamani Street: Rs 2,700 per sq.ft (2024)
• Sha Avenue 1st Cross Street: Rs 2,150 per sq.ft (2024)
• Sha Avenue 1st Street: Rs 2,150 per sq.ft (2024)
• Sha Avenue 2nd Street: Rs 2,150 per sq.ft (2024)
• Sha Avenue 3rd Street: Rs 2,150 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 3,750 per sq.ft, the guideline value amounts to Rs 37,50,000. The stamp duty at 7% would be Rs 2,62,500, and the registration fee at 2% would be Rs 75,000, bringing the total to Rs 3,37,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sengothai Amman Koil Street?

The Sub Registrar Office that covers Sengothai Amman Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Rajakilpakkam

The guideline value plays a crucial role during the registration of property transactions in Rajakilpakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of Sengothai Amman Koil Street is Rs 3,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,750 per sq.ft in 2024, marking a 7% increase. The value was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012, showing a significant increase over the years.

What is the land classification of Sengothai Amman Koil Street?

Sengothai Amman Koil Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total cost of Rs 3,37,500 in fees.

Which Sub Registrar Office covers Sengothai Amman Koil Street?

The Selaiyur Sub Registrar Office covers Sengothai Amman Koil Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.