Guideline Value for SENTHAMIL NAGAR

Senthamil Nagar guideline value

The current guideline value of Senthamil Nagar, located in Paandoor village under the Thiruporur SRO, is Rs 800 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - III.

How the guideline value of Senthamil Nagar has changed

The guideline value for Senthamil Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 800 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision set the value at Rs 536 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%, reflecting the consistency in the value over the last two years.

Guideline values in Paandoor

In Paandoor, there are 35 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 3,300 per sq.ft, with a median value of Rs 1,493 per sq.ft. The guideline value for Senthamil Nagar is below this median.

• Sankari Nagar: Rs 805 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,000 per sq.ft (2024)
• Sri Sumangali Nagar: Rs 1,200 per sq.ft (2024)
• United Enclave: Rs 2,000 per sq.ft (2024)
• Om Jai Sri Sai Nagar: Rs 1,614 per sq.ft (2024)
• N P Nagar: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Senthamil Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthamil Nagar?

The Sub Registrar Office that covers Senthamil Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Paandoor. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction complies with legal requirements.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the necessary fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Senthamil Nagar?

The current guideline value of Senthamil Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, maintaining the same value of Rs 800 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for Senthamil Nagar?

Senthamil Nagar is classified as Mixed Special Type - III, which indicates the type of land use permitted in the area.

What are the stamp duty and registration fees for a property in Senthamil Nagar?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000, and the registration fee would be Rs 16,000, totaling Rs 72,000.

Where is the Sub Registrar Office for Senthamil Nagar located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.