Guideline Value for SENTHAMIL NAGAR JEGAJEEVANAM STREET

Senthamil Nagar Jegajeevanam Street guideline value

The current guideline value of Senthamil Nagar Jegajeevanam Street is Rs 810 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village and falls under the Avadi SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Senthamil Nagar Jegajeevanam Street has changed

The guideline value for Senthamil Nagar Jegajeevanam Street has seen several revisions over the years. In 2012, the value was Rs 650 per sq.ft, which then decreased to Rs 435 per sq.ft in 2017. Following this, the value increased significantly to Rs 650 per sq.ft in 2023, and then to Rs 810 per sq.ft in 2024, marking a 25% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, while the value rose by 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 25%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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. The median guideline value for these streets is Rs 935 per sq.ft, indicating that Senthamil Nagar Jegajeevanam Street's 2024 figure is below that median.

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

For a 1,000 sq.ft plot at the current rate of Rs 810 per sq.ft, the 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 to Rs 72,900. It is important to note that the 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 Jegajeevanam Street?

The Sub Registrar Office that covers Senthamil Nagar Jegajeevanam Street is the Avadi Sub Registrar Office. The address is 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 critical factor when registering property transactions in Vilingiyambakkam. It determines the minimum value at which properties can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it ensures compliance with local regulations and helps in determining the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Senthamil Nagar Jegajeevanam Street?

The current guideline value of Senthamil Nagar Jegajeevanam Street 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 to Rs 650 per sq.ft in 2023, and finally to Rs 810 per sq.ft in 2024.

What is the land classification for Senthamil Nagar Jegajeevanam Street?

Senthamil Nagar Jegajeevanam Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a plot valued at Rs 8,10,000, the total fees would be Rs 72,900.

Which office handles property registration for this street?

The Avadi Sub Registrar Office handles property registration for Senthamil Nagar Jegajeevanam Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.