Guideline Value for Senkazhani Amman Koil Street

Senkazhani Amman Koil Street guideline value

The current guideline value of Senkazhani Amman Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, with a land classification of Residential Class II Type - II.

How the guideline value of Senkazhani Amman Koil Street has changed

Over the years, the guideline value of Senkazhani Amman Koil Street has seen significant changes. The earliest recorded revision was in 2007, with a guideline value of Rs 1,800 per sq.ft. This increased to Rs 4,000 per sq.ft in 2012, followed by a decrease to Rs 2,680 per sq.ft in 2017. The value then rose sharply to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

The changes between the revisions are notable. From 2007 to 2012, there was an increase of 122%, followed by a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 144%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current value of Senkazhani Amman Koil Street.

• Senkazhani Amman Koil 1st Street: Rs 4,400 per sq.ft (2024)
• Selvi Street / Dr. Seethapathy Nagar: Rs 4,400 per sq.ft (2024)
• Selvi Street: Rs 4,400 per sq.ft (2024)
• Seshadhripuram 1st Main Road: Rs 3,300 per sq.ft (2024)
• Seshadripuram: Rs 4,400 per sq.ft (2024)
• Seshadripuram 1st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Senkazhani Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senkazhani Amman Koil Street?

The Sub Registrar Office that covers Senkazhani Amman Koil Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Senkazhani Amman Koil Street?

The current guideline value of Senkazhani Amman Koil Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 144% over the years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Senkazhani Amman Koil Street?

The Velacheri Sub Registrar Office handles property registrations for Senkazhani Amman Koil Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the land classification for Senkazhani Amman Koil Street?

The land classification for Senkazhani Amman Koil Street is Residential Class II Type - II.