Guideline Value for SENTHAMIZHY NAGAR

Senthamizhy Nagar guideline value

The current guideline value of Senthamizhy Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under Agili village and is governed by the Acchirapakkam SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Senthamizhy Nagar has changed

The guideline value for Senthamizhy Nagar has remained consistent over recent revisions. The 2023 revision also recorded a guideline value of Rs 300 per sq.ft. Prior to that, revisions from the years 2017, 2012, 2007, 2003, and 2002 have no figures listed for this street.

From the 2023 to the 2024 revision, there was no change, maintaining the guideline value at Rs 300 per sq.ft. This consistency indicates stability in the valuation for this area over the past two years.

Guideline values in Agili

Currently, there are no specific village figures provided for Agili. Senthamizhy Nagar is the only street mentioned, and there are no other streets in Agili under the Acchirapakkam SRO.

Stamp duty and registration fee for property in Senthamizhy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, while the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the 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 Senthamizhy Nagar?

The Sub Registrar Office that covers Senthamizhy Nagar is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Agili. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher amount between the guideline value and the actual sale price is considered for calculating the applicable duties. This ensures that the government receives the appropriate revenue based on the property's valuation.

Frequently asked questions

What is the current guideline value of Senthamizhy Nagar?

The current guideline value of Senthamizhy Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft for both the 2023 and 2024 revisions. There are no figures listed for the revisions from 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for properties in Senthamizhy Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Senthamizhy Nagar located?

The Acchirapakkam Sub Registrar Office, which covers Senthamizhy Nagar, is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors including land classification. It is used as a basis for calculating stamp duty and registration fees during property transactions.