Guideline Value for SENTHAMIL NAGAR BUDDHAR ST

Senthamil Nagar Buddhar St guideline value

The current guideline value of Senthamil Nagar Buddhar St is Rs 810 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village under the Avadi SRO and is classified as Residential Class I Type - III.

How the guideline value of Senthamil Nagar Buddhar St has changed

Since the 2012 revision, the guideline value has seen various changes. In 2012, the value was Rs 650 per sq.ft, which decreased to Rs 435 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 650 per sq.ft, and then further rose to Rs 810 per sq.ft in the 2024 revision, marking a 25% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value for Senthamil Nagar Buddhar St is below this median.

• Senthamil Nagar Immanuel St: Rs 810 per sq.ft (2024)
• Senthamil Nagar Ambedkar St: Rs 810 per sq.ft (2024)
• Senthamil Nagar Jegajeevanam Street: Rs 810 per sq.ft (2024)
• Senthamil Nagar Kannadasan St: Rs 810 per sq.ft (2024)
• Senthamil Nagar Udayasuriyan St: Rs 810 per sq.ft (2024)
• Senthilsamy St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Senthamil Nagar Buddhar St

For a 1,000 sq.ft plot at the current guideline value of Rs 810 per sq.ft, the total guideline value amounts to Rs 8,10,000. The stamp duty at 7% would be Rs 56,700, and the registration fee at 2% would be Rs 16,200, bringing the total fees to Rs 72,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthamil Nagar Buddhar St?

The Sub Registrar Office that covers Senthamil Nagar Buddhar St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vilingiyambakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Senthamil Nagar Buddhar St?

The current guideline value of Senthamil Nagar Buddhar St is Rs 810 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then increased to Rs 650 per sq.ft in 2023, and finally to Rs 810 per sq.ft in 2024.

What is the land classification of Senthamil Nagar Buddhar St?

Senthamil Nagar Buddhar St is classified as Residential Class I Type - III.

Where can I find the registration office for this area?

The registration office covering Senthamil Nagar Buddhar St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,10,000, the stamp duty would be Rs 56,700 at 7%.