Guideline Value for Sengutuvan Street

Sengutuvan Street guideline value

The current guideline value of Sengutuvan Street is Rs 1,200 per sq.ft. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sengutuvan Street has changed

The guideline value for Sengutuvan Street has remained consistent at Rs 1,200 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 804 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Sengutuvan Street's 2024 guideline value is below this median.

• Shankar Ganesh Nagar: Rs 1,500 per sq.ft (2024)
• S.C.C. Anthony Pillai Nagar-IV: Rs 1,500 per sq.ft (2024)
• S.C.C. Anthony Pillai Nagar: Rs 1,500 per sq.ft (2024)
• Shunmugam Nagar: Rs 1,000 per sq.ft (2024)
• Shunmugam Nagar Phase I: Rs 1,200 per sq.ft (2024)
• Shyam Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sengutuvan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees together to Rs 1,08,000. 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 Sengutuvan Street?

The Sub Registrar Office that covers Sengutuvan Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Gooduvancheri. It serves as the basis for calculating stamp duty and registration fees when a property is registered, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value must be considered as it influences the overall cost involved in the transaction. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can affect the total financial commitment required.

Frequently asked questions

What is the current guideline value of Sengutuvan Street?

The current guideline value of Sengutuvan Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sengutuvan Street has remained at Rs 1,200 per sq.ft from 2023 to 2024. It increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Sengutuvan Street?

Sengutuvan Street is classified as Residential Class I Type - I. This classification is important for determining the guideline value and other regulatory aspects of property transactions.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Sengutuvan Street?

Stamp duty for properties in Sengutuvan Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at a rate of 7%.