Guideline Value for Ansari Street / Senthil Nagar

Ansari Street / Senthil Nagar guideline value

The current guideline value for Ansari Street / Senthil Nagar is Rs 1,500 per sq.ft as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Ansari Street / Senthil Nagar has changed

The guideline value of Ansari Street / Senthil Nagar has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a remarkable increase of 173%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, a reduction of 33%. The most recent 2023 revision saw a return to Rs 1,500 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 173%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. Ansari Street / Senthil Nagar is part of the residential landscape in this area. Unfortunately, there are no other streets in Vandalur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Ansari Street / Senthil Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty, charged at 7%, would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, the total cost for these fees would be Rs 1,35,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ansari Street / Senthil Nagar?

The Sub Registrar Office that covers Ansari Street / Senthil Nagar 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 Vandalur

The guideline value plays a crucial role when buying or selling property in Vandalur. It is used to determine the stamp duty and registration fees that need to be paid during the property transaction. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Additionally, the guideline value ensures transparency and consistency in property transactions. It serves as a benchmark for property valuation, helping to standardize the costs associated with buying and selling real estate in the area.

Frequently asked questions

What is the current guideline value for Ansari Street / Senthil Nagar?

The current guideline value for Ansari Street / Senthil Nagar is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 173% overall. The value was Rs 550 per sq.ft in 2007, rose to Rs 1,500 in 2012, dropped to Rs 1,005 in 2017, and returned to Rs 1,500 in 2023.

What is the stamp duty rate for property in Ansari Street / Senthil Nagar?

The stamp duty rate for property in Ansari Street / Senthil Nagar is 7% of the guideline value or the sale price, whichever is higher.

What is the registration fee for property transactions in this area?

The registration fee for property transactions in Ansari Street / Senthil Nagar is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ansari Street / Senthil Nagar?

The Sub Registrar Office for Ansari Street / Senthil Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.