Guideline Value for SENTHAMIL NAGAR KANNADASAN ST

Senthamil Nagar Kannadasan St guideline value

The current guideline value of Senthamil Nagar Kannadasan St is Rs 810 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - III.

How the guideline value of Senthamil Nagar Kannadasan St has changed

The guideline value for Senthamil Nagar Kannadasan St has undergone several revisions over the years. The 2012 revision set the value at Rs 650 per sq.ft, which then decreased to Rs 435 per sq.ft in the 2017 revision. However, the 2023 revision increased the value significantly to Rs 650 per sq.ft, followed by a further increase to Rs 810 per sq.ft in the 2024 revision, marking a 25% rise from the previous year.

In summary, from the 2012 to 2024 revisions, the overall change in guideline value is an increase of 25%. The 2017 to 2023 revision saw a notable increase of 49%, while the 2012 to 2017 revision experienced a decrease of 33%. The register has no figure 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 carry 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 of Senthamil Nagar Kannadasan St is below this median.

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

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

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthamil Nagar Kannadasan St?

The Sub Registrar Office that covers Senthamil Nagar Kannadasan 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 the registration process when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When the property is registered, the guideline value is used to calculate the applicable charges, ensuring that the fees reflect the official valuation of the property as per the latest revisions. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

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

The current guideline value of Senthamil Nagar Kannadasan 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 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 Kannadasan St?

The land classification for Senthamil Nagar Kannadasan St is Residential Class I Type - III.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is 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 property transactions in Vilingiyambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the fees are reflective of the property's value as per the latest guideline revisions.