Guideline Value for Sentamizh Sethu Pillai Street

Sentamizh Sethu Pillai Street guideline value

The current guideline value of Sentamizh Sethu Pillai Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sentamizh Sethu Pillai Street has changed

The guideline value for Sentamizh Sethu Pillai Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,300 per sq.ft. This was followed by a decrease to Rs 1,541 per sq.ft in 2017. In 2023, the value increased to Rs 2,300 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,530 per sq.ft. There are no recorded figures for this street in the years 2002, 2003, and 2007.

Between the revisions, there have been notable changes. From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it saw a significant increase of 49%. The value then rose by 10% from 2023 to 2024. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase.

Guideline values in Irumpuliyur

In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Sentamizh Sethu Pillai Street's 2024 figure above that median.

• Senthil Murugan Street: Rs 2,530 per sq.ft (2024)
• Senganiamman Koil Street: Rs 2,530 per sq.ft (2024)
• Service Road(Maduravayul ByPass): Rs 1,650 per sq.ft (2024)
• Sellli amman Koil 1st Street: Rs 3,300 per sq.ft (2024)
• Sathya Sayee Street: Rs 2,200 per sq.ft (2024)
• Sathiya Sai Nagar Main Road 3: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Sentamizh Sethu Pillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600. Together, the total cost for stamp duty and registration would be Rs 2,27,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sentamizh Sethu Pillai Street?

The Sub Registrar Office that covers Sentamizh Sethu Pillai Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Irumpuliyur. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property. This value is determined by the government and is regularly revised to reflect changes in the real estate market.

When selling property, the guideline value helps establish a legal framework for the transaction. It ensures that the property is registered at a value that is recognized by the government, which can help prevent disputes related to property transactions. Buyers and sellers should always refer to the latest guideline value before proceeding with any property transaction.

Frequently asked questions

What is the current guideline value of Sentamizh Sethu Pillai Street?

The current guideline value of Sentamizh Sethu Pillai Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then increased to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the land classification for Sentamizh Sethu Pillai Street?

The land classification for Sentamizh Sethu Pillai Street is Residential Special Type - I.

What are the stamp duty and registration fees for property in Sentamizh Sethu Pillai Street?

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Which Sub Registrar Office covers this street?

The Tambaram Joint 1 Sub Registrar Office covers Sentamizh Sethu Pillai Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.