Guideline Value for SENTHAMIZH NAGAR

Senthamizh Nagar guideline value

The current guideline value of Senthamizh Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This locality is situated in Thiruvathoor village, under the Cheyyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Senthamizh Nagar has changed

According to the register, the guideline value for Senthamizh Nagar has remained consistent at Rs 150 per sq.ft for both the 2023 and 2024 revisions. The previous revisions from 2017, 2012, 2007, 2003, and 2002 have no figures recorded for this street.

This means that there has been no change in the guideline value between the 2023 and 2024 revisions, reflecting a stable valuation at Rs 150 per sq.ft.

Guideline values in Thiruvathoor

In Thiruvathoor, there are three streets under the Cheyyur SRO that carry a 2024 guideline value. The median value for these streets is Rs 150 per sq.ft, which is equal to the guideline value of Senthamizh Nagar.

• Sri Sai Nagar: Rs 150 per sq.ft (2024)
• Sri Sai Nagar Part II: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Senthamizh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees together to Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthamizh Nagar?

The Sub Registrar Office that covers Senthamizh Nagar is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvathoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that transactions are documented at a recognized value.

When a property is sold, the guideline value helps determine the appropriate taxes owed to the government, based on either the guideline value or the sale price, whichever is higher. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Senthamizh Nagar?

The current guideline value of Senthamizh Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Senthamizh Nagar has remained at Rs 150 per sq.ft for both the 2023 and 2024 revisions. There are no recorded figures for the revisions in 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Thiruvathoor?

In addition to Senthamizh Nagar, other streets in Thiruvathoor have the following guideline values: Sri Sai Nagar at Rs 150 per sq.ft and Sri Sai Nagar Part II at Rs 101 per sq.ft for the year 2024.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot at Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000, leading to fees of Rs 10,500 for stamp duty and Rs 3,000 for registration.

Where can I find the Sub Registrar Office for Senthamizh Nagar?

The Cheyyur Sub Registrar Office covers Senthamizh Nagar and is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu zone. You can also find your specific SRO online.