Guideline Value for SENTHAMIL NAGAR ANNEXE

Senthamil Nagar Annexe guideline value

The current guideline value of Senthamil Nagar Annexe is Rs 3,100 per sq.ft, effective from 1 July 2024. This property is located in Ramapuram village and falls under the Chennai South Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Senthamil Nagar Annexe has changed

The guideline value for Senthamil Nagar Annexe has undergone several revisions over the years. The 2003 revision recorded a value of Rs 469 per sq.ft, which increased significantly to Rs 1,100 per sq.ft in 2007. Following this, the value surged to Rs 2,800 per sq.ft in 2012, but then saw a decrease to Rs 1,876 per sq.ft in 2017. The 2023 revision raised it to Rs 2,800 per sq.ft, and the most recent 2024 revision set the value at Rs 3,100 per sq.ft, marking an increase of 11% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 561%. The register does not include a figure for the year 2002 for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO with a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value is Rs 3,100 per sq.ft, which is equal to the 2024 guideline value of Senthamil Nagar Annexe.

• Senthamil Nagar: Rs 3,100 per sq.ft (2024)
• Senthamizh Nagar Annex 2nd Street: Rs 3,100 per sq.ft (2024)
• Senthamizh Nagar Main Road: Rs 3,100 per sq.ft (2024)
• Senvarayan Street: Rs 1,950 per sq.ft (2024)
• Sethu Rama Iyear Street: Rs 2,750 per sq.ft (2024)
• Seven Hills Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Senthamil Nagar Annexe

For a 1,000 sq.ft plot at the current rate of Rs 3,100 per sq.ft, the guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, bringing the total to Rs 2,79,000. 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 Senthamil Nagar Annexe?

The Sub Registrar Office that covers Senthamil Nagar Annexe is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Ramapuram. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Senthamil Nagar Annexe?

The current guideline value of Senthamil Nagar Annexe is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2003 to Rs 3,100 per sq.ft in 2024, reflecting an overall increase of 561% over the years.

What is the role of the Chennai South Joint II SRO?

The Chennai South Joint II SRO is responsible for registering property transactions and maintaining the guideline value register for properties in its jurisdiction, including Senthamil Nagar Annexe.

What are the stamp duty rates for properties in Senthamil Nagar Annexe?

The stamp duty for properties in Senthamil Nagar Annexe is currently set at 7% of the guideline value or sale price, whichever is higher.

How can I calculate my registration fees?

You can calculate your registration fees using the stamp duty and registration fee calculator, which provides an estimate based on the guideline value.