Guideline Value for Senguttuvan Nagar

Senguttuvan Nagar guideline value

The current guideline value of Senguttuvan Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Menambedu village under the Ambattur Sub Registrar Office (SRO) and is classified as Residential Class IV Type - I.

How the guideline value of Senguttuvan Nagar has changed

In the 2012 revision, the guideline value was Rs 800 per sq.ft. This increased to Rs 536 per sq.ft in the 2017 revision, marking a decrease of 33%. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2023, and then to Rs 1,001 per sq.ft in the 2024 revision, which reflects a change of 0% between 2023 and 2024. Overall, from 2012 to 2024, the guideline value increased by 25%.

The revisions for the years 2002, 2003, and 2007 have no figure for Senguttuvan Nagar in the register. Between 2017 and 2023, the guideline value saw a substantial increase of 87%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft, with a median value of Rs 1,003 per sq.ft. The guideline value for Senguttuvan Nagar is below this median.

• Senguttuvan Street: Rs 1,001 per sq.ft (2024)
• School Street: Rs 1,700 per sq.ft (2024)
• Shobana Avenue Extn.: Rs 1,003 per sq.ft (2024)
• Shobana Nagar: Rs 1,003 per sq.ft (2024)
• SathyaNarayana Rao Street (6th Ward): Rs 1,700 per sq.ft (2024)
• Sathia Narayana Street (7th Ward): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Senguttuvan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total cost Rs 90,090. 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 details.

Which Sub Registrar Office covers Senguttuvan Nagar?

The Sub Registrar Office covering Senguttuvan Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Menambedu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value.

When buying or selling property, it is essential to be aware of the guideline value to avoid any discrepancies during registration. The guideline value serves as a benchmark for property transactions, helping to maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Senguttuvan Nagar?

The current guideline value of Senguttuvan Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 800 per sq.ft in 2012, decreasing to Rs 536 per sq.ft in 2017, and then increasing to Rs 1,000 per sq.ft in 2023, followed by a slight rise to Rs 1,001 per sq.ft in 2024.

What is the land classification of Senguttuvan Nagar?

Senguttuvan Nagar is classified as Residential Class IV Type - I under the Ambattur SRO.

What are the stamp duty and registration fees for property in Senguttuvan Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,01,000. The stamp duty at 7% is Rs 70,070, and the registration fee at 2% is Rs 20,020, totaling Rs 90,090.

Where is the Sub Registrar Office for Senguttuvan Nagar located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.