Guideline Value for Nehru Street / Senthil Nagar

Nehru Street / Senthil Nagar guideline value

The current guideline value of Nehru Street / Senthil Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO, classified as Residential Class I Type - I.

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

Over the years, the guideline value for Nehru Street / Senthil Nagar has experienced several revisions. The earliest recorded revision was in 2007, where the guideline value was Rs 550 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft. The most recent revision in 2023 saw a return to Rs 1,200 per sq.ft.

Notably, from 2017 to 2023, there was an increase of 49%. The change from 2012 to 2017 was a decrease of 33%, while the jump from 2007 to 2012 marked an increase of 118%. Overall, from 2007 to 2023, the guideline value has increased by 118%.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Nehru Street / Senthil Nagar is a key area within this locality. Unfortunately, there are no other streets in Vandalur under the Gooduvancheri SRO listed at this time.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000. Together, the total cost for stamp duty and registration fee would be Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nehru Street / Senthil Nagar?

The Sub Registrar Office that covers Nehru Street / Senthil Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

When buying or selling property in Vandalur, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both parties are aware of the official value assigned to the property.

The guideline value helps in maintaining transparency in property transactions. It is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Nehru Street / Senthil Nagar?

The current guideline value of Nehru Street / Senthil Nagar is Rs 1,200 per sq.ft, according to the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and returned to Rs 1,200 per sq.ft in 2023.

What is the stamp duty rate for properties in Nehru Street / Senthil Nagar?

The stamp duty rate for properties in Nehru 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 Nehru 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 Nehru Street / Senthil Nagar?

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