Guideline Value for SENTHAMIZH NAGAR

Senthamizh Nagar guideline value

The current guideline value of Senthamizh Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Thadaperumbakkam_2 village under the Ponneri Sub Registrar Office, classified as 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 268 per sq.ft. This figure increased to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise. The 2024 revision maintained the guideline value at Rs 400 per sq.ft, indicating no change from the previous year.

There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has seen a 49% increase.

Guideline values in Thadaperumbakkam_2

In Thadaperumbakkam_2, there are 23 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Senthamizh Nagar is above this median.

• Sindur Nagar: Rs 300 per sq.ft (2024)
• Samundeeswari Nagar: Rs 300 per sq.ft (2024)
• Sri Devi Gayathri Nagar: Rs 300 per sq.ft (2024)
• Sri Meenal Nagar: Rs 300 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 300 per sq.ft (2024)
• Prakash Garden: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Senthamizh Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthamizh Nagar?

The Sub Registrar Office covering 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 information.

How the guideline value is used when you buy or sell in Thadaperumbakkam_2

The guideline value is an essential factor in property transactions in Thadaperumbakkam_2. It is used to determine the stamp duty and registration fees during the buying or selling process.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Senthamizh Nagar?

The current guideline value of Senthamizh Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

From the 2017 revision to the 2024 revision, the guideline value has increased by 49%, going from Rs 268 per sq.ft to Rs 400 per sq.ft.

What are the guideline values for other streets in Thadaperumbakkam_2?

Other streets in Thadaperumbakkam_2 have a 2024 guideline value of Rs 300 per sq.ft. These streets include Sindur Nagar, Samundeeswari Nagar, Sri Devi Gayathri Nagar, Sri Meenal Nagar, Sri Sakthi Nagar, and Prakash Garden.

What fees are associated with property registration in Senthamizh Nagar?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Senthamizh Nagar located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, covering Senthamizh Nagar.