Guideline Value for Sengundha Mudali Street

Sengundha Mudali Street guideline value

The current guideline value of Sengundha Mudali Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village under the AnnaNagar SRO, classified as Residential Class II Type - II.

How the guideline value of Sengundha Mudali Street has changed

The guideline value for Sengundha Mudali Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, the value then decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The 2023 revision saw the value increase to Rs 4,000 per sq.ft, before reaching the current rate of Rs 4,400 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for Sengundha Mudali Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Aminjikarai

Aminjikarai village has a total of 99 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, which is equal to the current guideline value of Sengundha Mudali Street.

• Shaik Sadhurudeen Sahib Street: Rs 4,400 per sq.ft (2024)
• Shenoy Nagar 2nd cross Street: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar 3nd cross Street: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar 4th cross Street: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar East Ist Main Road: Rs 14,300 per sq.ft (2024)
• Shenoy Nagar East Main Road: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sengundha Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sengundha Mudali Street?

The Sub Registrar Office that covers Sengundha Mudali Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Aminjikarai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value ensures that the government collects the appropriate taxes based on the value of the property, thereby maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Sengundha Mudali Street?

The current guideline value of Sengundha Mudali Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent increase from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, a rise of 10%.

What is the land classification of Sengundha Mudali Street?

Sengundha Mudali Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Sengundha Mudali Street?

The AnnaNagar Sub Registrar Office covers Sengundha Mudali Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Aminjikarai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. The current rate for stamp duty is 7%, and the registration fee is 2% of the guideline value.