Guideline Value for SENTHAMIL NAGAR

Senthamil Nagar guideline value

The current guideline value of Senthamil Nagar, located in Pazhaya Erumai Vettipalayam village under the Redhills SRO, is Rs 220 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Senthamil Nagar has changed

Looking back at the revisions, the guideline value for Senthamil Nagar was Rs 200 per sq.ft in 2023, which increased to Rs 220 per sq.ft in the 2024 revision, marking a 10% rise. Prior to that, in 2017, the value was Rs 134 per sq.ft, reflecting a significant increase of 49% over the six years leading up to 2023. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In 2012, the guideline value was Rs 200 per sq.ft, which decreased to Rs 134 per sq.ft in 2017, indicating a drop of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%, with the current figure of Rs 220 per sq.ft being equal to the median value of Rs 220 per sq.ft for the 14 streets in Pazhaya Erumai Vettipalayam under the Redhills SRO.

Guideline values in Pazhaya Erumai Vettipalayam

In Pazhaya Erumai Vettipalayam, the guideline values for 2024 range from Rs 110 to Rs 220 per sq.ft, with Senthamil Nagar's value matching the median of Rs 220 per sq.ft. Below are the guideline values for other streets in Pazhaya Erumai Vettipalayam:

• Sri Krishna Nagar: Rs 220 per sq.ft (2024)
• Tasan Farms: Rs 110 per sq.ft (2024)
• Pillaiyar Koil Street (Pudhu Edapalayam): Rs 220 per sq.ft (2024)
• Pillaiyar Koil Street (Old Edapalayam): Rs 220 per sq.ft (2024)
• Perumal Koil Street (Pudhu Edapalayam): Rs 220 per sq.ft (2024)
• Perumal Koil Street (Old Edapalayam): Rs 220 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 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total to Rs 19,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthamil Nagar?

Senthamil Nagar falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Pazhaya Erumai Vettipalayam

The guideline value is a crucial factor when registering property transactions in Pazhaya Erumai Vettipalayam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is documented at a value recognized by the state.

When buying or selling property, it is essential to be aware of the guideline value as it can influence the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies 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 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 200 per sq.ft in 2023 to Rs 220 per sq.ft in 2024. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What is the land classification of Senthamil Nagar?

Senthamil Nagar is classified under Residential Class I Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 and the registration fee would be Rs 4,400, totaling Rs 19,800. These fees are based on the guideline value or sale price, whichever is higher.

Which office handles registrations for Senthamil Nagar?

The Redhills Sub Registrar Office handles registrations for Senthamil Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.