Guideline Value for Senguttuvan Street

Senguttuvan Street guideline value

The current guideline value for Senguttuvan Street is Rs 1,001 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village, under the Ambattur Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - I.

How the guideline value of Senguttuvan Street has changed

The guideline value for Senguttuvan Street has undergone several revisions over the years. The earliest recorded figure is from 2012, when it was Rs 800 per sq.ft. In 2017, the value increased to Rs 536 per sq.ft, followed by a significant rise to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 shows a slight increase to Rs 1,001 per sq.ft. Notably, there are no recorded figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it saw an increase of 87%. Overall, from 2012 to 2024, the guideline value has risen by 25%.

Guideline values in Menambedu

In Menambedu village, 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 Street is below this median.

• Senguttuvan Nagar: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020. Therefore, the total amount payable would be Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senguttuvan Street?

The Sub Registrar Office covering Senguttuvan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. 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 stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value serves as a benchmark for the transaction value, ensuring that the fees are calculated accurately based on the established rates. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Senguttuvan Street?

The current guideline value of Senguttuvan Street 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 several changes, with the most recent revision in 2024 showing an increase to Rs 1,001 per sq.ft from Rs 1,000 per sq.ft in 2023. The value has increased significantly from Rs 536 per sq.ft in 2017.

What are the guideline values of other streets in Menambedu?

Other streets in Menambedu have varying guideline values, with rates ranging from Rs 1,000 to Rs 6,680 per sq.ft. Notably, School Street has a guideline value of Rs 1,700 per sq.ft, while Shobana Avenue Extn. and Shobana Nagar are both valued at Rs 1,003 per sq.ft.

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

The stamp duty for property in Senguttuvan Street is 7%, and the registration fee is 2%. For a property valued at Rs 10,01,000, the total stamp duty and registration fees would amount to Rs 90,090.

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

The Sub Registrar Office for Senguttuvan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.