Guideline Value for SENTHAMIZH NAGAR

Senthamizh Nagar guideline value

The current guideline value of Senthamizh Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Kurumpirai village under the Salavakkam Sub Registrar Office. The land classification for this street is Residential Class I Type - I.

How the guideline value of Senthamizh Nagar has changed

In the 2017 revision, the guideline value for Senthamizh Nagar was Rs 67 per sq.ft. This figure remained unchanged at Rs 100 per sq.ft in the 2023 revision and continues to be Rs 100 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2017 to 2024 is also an increase of 49%, as the value remained stable at Rs 100 per sq.ft in the last two revisions.

Guideline values in Kurumpirai

In Kurumpirai village, there are 9 streets under the Salavakkam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 134 per sq.ft. The median value for these streets is Rs 100 per sq.ft, which is equal to the 2024 figure for Senthamizh Nagar.

• Rainbow Nagar Phase-1: Rs 102 per sq.ft (2024)
• Rainbow Nagar: Rs 102 per sq.ft (2024)
• Om Sakthi Sai Nagar: Rs 100 per sq.ft (2024)
• Nehru Nagar: Rs 100 per sq.ft (2024)
• Vidhaya Nagar: Rs 134 per sq.ft (2024)
• Iswaryam Nagar: Rs 100 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 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total charges to Rs 9,000. It is important to note that the 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 more calculations.

Which Sub Registrar Office covers Senthamizh Nagar?

The Sub Registrar Office that covers Senthamizh Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kurumpirai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable fees. This value helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Senthamizh Nagar?

The current guideline value of Senthamizh Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Senthamizh Nagar has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, showing a 49% increase overall from 2017 to 2024.

What is the land classification for Senthamizh Nagar?

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

Where can I find the Salavakkam Sub Registrar Office?

The Salavakkam Sub Registrar Office is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How do stamp duty and registration fees work in Senthamizh Nagar?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot valued at Rs 100 per sq.ft incurs a total guideline value of Rs 1,00,000, leading to specific fees for stamp duty and registration.