Guideline Value for Sengundhar Nagar Part 2 Phase I

Sengundhar Nagar Part 2 Phase I guideline value

The current guideline value of Sengundhar Nagar Part 2 Phase I is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, classified as Residential Class III Type - I.

How the guideline value of Sengundhar Nagar Part 2 Phase I has changed

The guideline value for Sengundhar Nagar Part 2 Phase I has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in 2017. In 2023, the value increased to Rs 800 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the guideline value rose significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, making Sengundhar Nagar Part 2 Phase I's 2024 figure below that median.

• Selai Ramasami Street: Rs 1,320 per sq.ft (2024)
• Shengunthar Nagar: Rs 880 per sq.ft (2024)
• Soleswaran Koil Street: Rs 880 per sq.ft (2024)
• Rajagopal Boopathi Street Narasaingarayan Street: Rs 2,200 per sq.ft (2024)
• Putheri Street (Or) Sangeetha Vithvan Neinapillai Street: Rs 2,750 per sq.ft (2024)
• Pudupalaya Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sengundhar Nagar Part 2 Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total fees Rs 79,200. It is important to note that 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 details.

Which Sub Registrar Office covers Sengundhar Nagar Part 2 Phase I?

The Kanchipuram Joint II Sub Registrar Office covers Sengundhar Nagar Part 2 Phase I. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a crucial factor when registering property in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for determining the minimum value at which property transactions are recorded, ensuring that the government collects appropriate taxes based on this value.

When buying or selling property, the guideline value must be considered as it influences the stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the agreed sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sengundhar Nagar Part 2 Phase I?

The current guideline value of Sengundhar Nagar Part 2 Phase I is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Sengundhar Nagar Part 2 Phase I?

Sengundhar Nagar Part 2 Phase I is classified as Residential Class III Type - I.

Where can I find the registration office for Sengundhar Nagar Part 2 Phase I?

The registration office for Sengundhar Nagar Part 2 Phase I is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sengundhar Nagar Part 2 Phase I?

Stamp duty for properties in Sengundhar Nagar Part 2 Phase I is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies to the guideline value.