Guideline Value for Senthamil Nagar Ammaiappan Street

Senthamil Nagar Ammaiappan Street guideline value

The current guideline value of Senthamil Nagar Ammaiappan Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO and falls under the Residential Class III Type - II land classification.

How the guideline value of Senthamil Nagar Ammaiappan Street has changed

The guideline value for Senthamil Nagar Ammaiappan Street has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 400 per sq.ft. This increased to Rs 2,250 per sq.ft in the 2012 revision, marking an increase of 463%. However, in the 2017 revision, it decreased to Rs 1,507 per sq.ft, a drop of 33%. The value then rose to Rs 2,250 per sq.ft in the 2023 revision, followed by an increase to Rs 2,500 per sq.ft in the 2024 revision, reflecting an 11% change.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 525%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Nerkundram

Nerkundram has a total of 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Senthamil Nagar Ammaiappan Street's 2024 figure above this median.

• Senthamil Nagar 2nd Cross Street: Rs 2,500 per sq.ft (2024)
• Senthamil Nagar 1st Cross Street: Rs 2,500 per sq.ft (2024)
• Senthamil Nagar Main Road: Rs 2,500 per sq.ft (2024)
• SELLIYAMMAN NAGAR - Vaigasi Street: Rs 2,750 per sq.ft (2024)
• SELLIYAMMAN NAGAR - Puratasi Street: Rs 2,750 per sq.ft (2024)
• SELLIYAMMAN NAGAR - Karthigai Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Senthamil Nagar Ammaiappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthamil Nagar Ammaiappan Street?

The Sub Registrar Office that covers Senthamil Nagar Ammaiappan Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nerkundram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Senthamil Nagar Ammaiappan Street?

The current guideline value of Senthamil Nagar Ammaiappan Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 400 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, reflecting an overall increase of 525% over the years.

What is the median guideline value in Nerkundram?

The median guideline value in Nerkundram is Rs 2,200 per sq.ft, with Senthamil Nagar Ammaiappan Street's 2024 figure being above this median.

What are the stamp duty and registration fees for property here?

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Which office handles the registration for Senthamil Nagar Ammaiappan Street?

The Virugambakkam Sub Registrar Office handles the registration for Senthamil Nagar Ammaiappan Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.