Guideline Value for Sengtuavan Street /Thiruvallur Nagar

Sengtuavan Street /Thiruvallur Nagar guideline value

The current guideline value of Sengtuavan Street /Thiruvallur Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO, classified as Residential Class I Type - II.

How the guideline value of Sengtuavan Street /Thiruvallur Nagar has changed

The guideline value for Sengtuavan Street /Thiruvallur Nagar has seen significant revisions over the years. In 2002, the value was Rs 230 per sq.ft, which increased to Rs 260 per sq.ft in 2003, marking a 13% rise. The value then saw a 38% increase to Rs 360 per sq.ft in 2007. Following that, the value surged by 319% to Rs 1,507 per sq.ft in 2017. The 2023 revision set the value at Rs 2,250 per sq.ft, reflecting a 49% increase from the previous revision. The most recent 2024 revision has further increased the guideline value to Rs 2,475 per sq.ft, a 10% rise from 2023.

It is important to note that there is no figure available for Sengtuavan Street /Thiruvallur Nagar in the 2012 revision.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Sengtuavan Street /Thiruvallur Nagar above this median.

• Sengtuavan Street / Muthamazhi Nagar: Rs 2,475 per sq.ft (2024)
• Selvaraj Street, Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Selvaraj Street: Rs 1,980 per sq.ft (2024)
• Senthil Nagar/Ramzan Street: Rs 1,980 per sq.ft (2024)
• Sellappa Street / Lord Srinivasa Colony: Rs 1,980 per sq.ft (2024)
• Sellappan Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Sengtuavan Street /Thiruvallur Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total to Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sengtuavan Street /Thiruvallur Nagar?

The Sub Registrar Office that covers Sengtuavan Street /Thiruvallur Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Pammal. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the costs associated with property registration. This ensures compliance with local regulations and helps in the smooth transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sengtuavan Street /Thiruvallur Nagar?

The current guideline value of Sengtuavan Street /Thiruvallur Nagar is Rs 2,475 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 230 per sq.ft in 2002 to Rs 2,475 per sq.ft in 2024, reflecting an overall increase of 976% over the years.

What are the other streets in Pammal with their guideline values?

Other streets in Pammal include Sengtuavan Street / Muthamazhi Nagar at Rs 2,475 per sq.ft, Selvaraj Street, Periyar Nagar at Rs 1,980 per sq.ft, and several others, with values ranging from Rs 1,760 to Rs 2,475 per sq.ft.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,75,000, the stamp duty would be calculated at 7% of that amount.