Guideline Value for SENTHIL ANDAVAR NAGAR

Senthil Andavar Nagar guideline value

The current guideline value of Senthil Andavar Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kovilkuppam village under the Manavalanagar SRO, and it falls under Residential Class III Type - I land classification.

How the guideline value of Senthil Andavar Nagar has changed

Over the years, the guideline value for Senthil Andavar Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. This was followed by a significant increase to Rs 300 per sq.ft in the 2023 revision, which continued into the 2024 revision, showing no change from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The overall change from the 2012 revision to the 2024 revision is 0%, while the increase from 2017 to 2023 was 49% and the decrease from 2012 to 2017 was 33%.

Guideline values in Kovilkuppam

In Kovilkuppam, there are 68 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value of Senthil Andavar Nagar is below this median.

• Sanjeevi Nagar: Rs 300 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 300 per sq.ft (2024)
• Sri Krishna Nagar: Rs 300 per sq.ft (2024)
• Rk Nagar: Rs 300 per sq.ft (2024)
• Revathy Garden: Rs 300 per sq.ft (2024)
• Ramasamy Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Andavar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total of 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 information.

Which Sub Registrar Office covers Senthil Andavar Nagar?

The Sub Registrar Office that covers Senthil Andavar Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Kovilkuppam, as it determines the minimum value at which property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Senthil Andavar Nagar?

The current guideline value of Senthil Andavar 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 seen several revisions, with the most recent being Rs 300 per sq.ft since 2023. The value dropped to Rs 201 per sq.ft in 2017 from Rs 300 per sq.ft in 2012.

What is the land classification for Senthil Andavar Nagar?

Senthil Andavar Nagar is classified as Residential Class III Type - I land.

Where can I find the Sub Registrar Office for Senthil Andavar Nagar?

The Sub Registrar Office for Senthil Andavar Nagar is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is the stamp duty calculated for properties in Senthil Andavar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 3,00,000 would incur a stamp duty of Rs 21,000 at 7%.