Guideline Value for SENTHAMIL NAGAR

Senthamil Nagar guideline value

The current guideline value of Senthamil Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class IV Type - I.

How the guideline value of Senthamil Nagar has changed

The guideline value for Senthamil Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft. In 2023, it increased to Rs 700 per sq.ft, marking a significant rise of 49%. The most recent 2024 revision has further increased the guideline value to Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 64%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Senthamil Nagar's 2024 figure below that median.

• Semgiunthar Nagar: Rs 825 per sq.ft (2024)
• Shanmugam Street: Rs 770 per sq.ft (2024)
• Sekarvarma Nagar: Rs 825 per sq.ft (2024)
• Shanthi Nagar: Rs 825 per sq.ft (2024)
• Sannadhi Street: Rs 1,100 per sq.ft (2024)
• Sandu Street: Rs 1,099 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 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for stamp duty and registration fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Senthamil Nagar?

Senthamil Nagar falls under the jurisdiction of the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Tiruttani. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable during the transaction.

When buying or selling property, the guideline value ensures that both parties are aware of the official valuation set by the authorities, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Senthamil Nagar?

The current guideline value of Senthamil Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, marking an overall increase of 64% across the revisions.

What is the registration office for Senthamil Nagar?

The Thiruttani Sub Registrar Office covers Senthamil Nagar, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How is stamp duty calculated for property in Senthamil Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 53,900.

Are there other streets in Tiruttani with different guideline values?

Yes, there are several other streets in Tiruttani with varying guideline values. For instance, Semgiunthar Nagar and Sekarvarma Nagar have a guideline value of Rs 825 per sq.ft in 2024, while Shanmugam Street matches Senthamil Nagar at Rs 770 per sq.ft.