Guideline Value for SENTHIL GARDEN

Senthil Garden guideline value

The current guideline value of Senthil Garden is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Nandambakkam village under the Padappai SRO and is classified as Residential Special Type - I.

How the guideline value of Senthil Garden has changed

The guideline value for Senthil Garden has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 990 per sq.ft, an increase from Rs 900 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the guideline value was Rs 603 per sq.ft, showing a substantial increase of +49% to reach the 2023 figure. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by +64%, highlighting a significant rise in the value of properties in this area over the past few years.

Guideline values in Nandambakkam

Nandambakkam village has a range of guideline values, with 94 streets under the Padappai SRO carrying a 2024 figure from Rs 440 to Rs 2,300 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Senthil Garden's 2024 figure above this median.

• Senthil Garden Extension: Rs 1,320 per sq.ft (2024)
• Selvaganapathy Nagar: Rs 440 per sq.ft (2024)
• Shoba Evergreens: Rs 1,870 per sq.ft (2024)
• Sathyamurthy Nagar: Rs 720 per sq.ft (2024)
• Singai Prakash Garden: Rs 990 per sq.ft (2024)
• SKS Avenue: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, leading to a total of Rs 89,100. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Garden?

The Sub Registrar Office that covers Senthil Garden is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nandambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Senthil Garden?

The current guideline value of Senthil Garden is Rs 990 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 603 per sq.ft in 2017 to Rs 990 per sq.ft in 2024, representing an overall increase of +64% over this period.

What are the stamp duty and registration fees for property in Senthil Garden?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which Sub Registrar Office is responsible for Senthil Garden?

The Padappai Sub Registrar Office is responsible for Senthil Garden, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification of Senthil Garden?

Senthil Garden is classified as Residential Special Type - I, indicating its suitability for residential development.