Guideline Value for SENTHAMIZH NAGAR

Senthamizh Nagar guideline value

The current guideline value of Senthamizh Nagar, located in Thadaperumbakkam village under the Ponneri SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Senthamizh Nagar has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, marking a change of 49%. The latest revision in 2024 saw a significant increase to Rs 600 per sq.ft, which is a 50% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 124%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The values for the revisions are as follows: 2017 at Rs 268 per sq.ft, 2023 at Rs 400 per sq.ft, and the current 2024 figure at Rs 600 per sq.ft.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft. The median value is Rs 501 per sq.ft, placing Senthamizh Nagar's 2024 figure above this median.

• Selvavinayagar Kudi Iruppu: Rs 501 per sq.ft (2024)
• Shakthi Murugan Nagar: Rs 600 per sq.ft (2024)
• Sindur Nagar: Rs 501 per sq.ft (2024)
• Sivagami Nagar: Rs 501 per sq.ft (2024)
• Samundeeswari Nagar: Rs 501 per sq.ft (2024)
• Sri Amman Nagar: Rs 501 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. 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 Senthamizh Nagar?

The Sub Registrar Office that covers Senthamizh Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Thadaperumbakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable charges. Buyers should be aware that the stamp duty is levied on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Senthamizh Nagar?

The current guideline value of Senthamizh Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 268 per sq.ft to Rs 600 per sq.ft in 2024, marking an overall increase of 124%.

What are the other streets in Thadaperumbakkam?

Other streets in Thadaperumbakkam include Selvavinayagar Kudi Iruppu, Shakthi Murugan Nagar, Sindur Nagar, Sivagami Nagar, Samundeeswari Nagar, and Sri Amman Nagar, with varying guideline values.

What are the stamp duty rates for property transactions?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.

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

The Sub Registrar Office for Senthamizh Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO online.