Guideline Value for SENTHAMIL NAGAR

Senthamil Nagar guideline value

The current guideline value of Senthamil Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This locality is situated in Thundalam village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Senthamil Nagar has changed

Over the years, the guideline value of Senthamil Nagar has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained until the 2017 revision, where it dropped to Rs 1,005 per sq.ft, marking a decrease of 33%. In 2023, the value increased significantly to Rs 1,500 per sq.ft, and the latest revision in 2024 has raised it further to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thundalam

In Thundalam village, there are 97 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value for Senthamil Nagar is below this median.

• Sivam Nagar: Rs 1,980 per sq.ft (2024)
• Sivan Nagar Thilagar Street: Rs 1,980 per sq.ft (2024)
• Sri Nainarswamy Garden Item-II: Rs 1,850 per sq.ft (2024)
• Sri Parasnath Jawahar Street: Rs 2,750 per sq.ft (2024)
• Sri Parasnath Nagar Main Road: Rs 2,750 per sq.ft (2024)
• Sri Parasnath Nagar Samulal Street: Rs 2,750 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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Senthamil Nagar?

Senthamil Nagar falls under the Chennai South Joint I 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 Thundalam

The guideline value is a critical factor when registering property in Thundalam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable duties and fees, which are mandatory during the registration process.

Frequently asked questions

What is the current guideline value of Senthamil Nagar?

The current guideline value of Senthamil Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Senthamil Nagar?

Senthamil Nagar is classified as Residential Class IV Type - II, indicating its designated use for residential purposes.

Where is the Sub Registrar Office for Senthamil Nagar located?

The Sub Registrar Office for Senthamil Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for property in Senthamil Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total cost including stamp duty and registration fees can be calculated accordingly.