Guideline Value for SENTHIL KUMAR GARDEN

Senthil Kumar Garden guideline value

The current guideline value of Senthil Kumar Garden is Rs 1,700 per sq.ft, effective from 1 July 2024. This property is located in Chemmancheri village under the Neelankarai SRO and falls under the Residential Class IV Type - I land classification.

How the guideline value of Senthil Kumar Garden has changed

Over the years, the guideline value for Senthil Kumar Garden has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision raised it to Rs 1,700 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and by 13% from 2023 to 2024. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 13%.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value is Rs 1,700 per sq.ft, which is equal to the 2024 figure for Senthil Kumar Garden.

• Semmencherry Nukkam Palayam Street: Rs 3,300 per sq.ft (2024)
• Sheela Mohan Garden: Rs 1,000 per sq.ft (2024)
• Sholinganallur Co.Op. Meha Nagar/Gandhi Nagar Co.Op.Society: Rs 2,800 per sq.ft (2024)
• Saviour Garden: Rs 1,100 per sq.ft (2024)
• Savaithiri Garden: Rs 3,300 per sq.ft (2024)
• Simrise Pvt. Ltd.,Co.I: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Kumar Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total Rs 1,53,000. 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 Senthil Kumar Garden?

The Sub Registrar Office that covers Senthil Kumar Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value is an important factor in the registration process when buying or selling property in Chemmancheri. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price according to government standards.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller adhere to the legal requirements set forth by the registration department.

Frequently asked questions

What is the current guideline value of Senthil Kumar Garden?

The current guideline value of Senthil Kumar Garden is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

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

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which Sub Registrar Office covers Chemmancheri village?

The Neelankarai Sub Registrar Office covers Chemmancheri village, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification of Senthil Kumar Garden?

Senthil Kumar Garden falls under the Residential Class IV Type - I land classification.