Guideline Value for Sengundhar Street

Sengundhar Street guideline value

The current guideline value of Sengundhar Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Naduveerapattu village and falls under the Padappai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sengundhar Street has changed

The guideline value for Sengundhar Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017. The value then increased significantly to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024, marking a 10% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for Sengundhar Street. From 2012 to 2024, the overall change has been an increase of 10%, reflecting the fluctuations in the guideline values over the years.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO, with guideline values ranging from Rs 330 to Rs 2,500 per sq.ft as of 2024. The median guideline value in the village is Rs 660 per sq.ft, indicating that Sengundhar Street's current value is below this median.

• Shri Sheshadri Brindha Vanam Nagar: Rs 1,100 per sq.ft (2024)
• Soosaiyappar Street: Rs 660 per sq.ft (2024)
• Sri Balaji Nagar: Rs 770 per sq.ft (2024)
• Sai Greenfield: Rs 830 per sq.ft (2024)
• Sai Garden: Rs 1,540 per sq.ft (2024)
• Sri Durga Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sengundhar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. 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 detailed calculations.

Which Sub Registrar Office covers Sengundhar Street?

The Sub Registrar Office that covers Sengundhar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Naduveerapattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sengundhar Street?

The current guideline value of Sengundhar Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the median guideline value in Naduveerapattu?

The median guideline value in Naduveerapattu is Rs 660 per sq.ft, which is higher than the current value of Sengundhar Street.

How is stamp duty calculated for properties in Sengundhar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 5,50,000, the stamp duty at 7% would be Rs 38,500.

Where can I find the Sub Registrar Office for Sengundhar Street?

The Sub Registrar Office covering Sengundhar Street is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.