Guideline Value for Rail Senthil Nagar

Rail Senthil Nagar guideline value

The current guideline value of Rail Senthil Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under Ayyencheri village and is registered with the Gooduvancheri SRO. The land classification for this location is Residential Special Type - II.

How the guideline value of Rail Senthil Nagar has changed

Over the years, the guideline value of Rail Senthil Nagar has seen several revisions. The 2007 revision set the value at Rs 611 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, this figure remained the same in the 2012 revision and did not change until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. The most recent revision in 2023 has brought the value back up to Rs 1,500 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. The change from 2012 to 2017 shows a decrease of 33%. The jump from 2007 to 2012 was substantial, with an increase of 145%. Overall, from 2007 to 2023, the guideline value has risen by 145%. The register has no figures for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

No specific village figures are provided for Ayyencheri. Rail Senthil Nagar is currently the only street listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Rail Senthil Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, the total cost would be Rs 1,35,000. It is important to note that the 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 Rail Senthil Nagar?

The Sub Registrar Office that covers Rail 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 Ayyencheri

The guideline value plays a critical role during the registration process of property transactions in Ayyencheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is used to determine the minimum value on which the stamp duty is calculated. This means that even if the sale price is lower than the guideline value, the duty will be charged based on the guideline value, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Rail Senthil Nagar?

The current guideline value of Rail Senthil Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 611 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the land classification for Rail Senthil Nagar?

The land classification for Rail Senthil Nagar is Residential Special Type - II.

Where is the Gooduvancheri SRO located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Rail Senthil Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,05,000.