Guideline Value

Corporate

Guideline Value for SENTHIL NAGAR 10TH STREET

₹2800/sq.ft.

The guideline value for Senthil Nagar 10th Street in Seevaram village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Seevaram

Village

Neelankarai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹200 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹114 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Senthil Nagar 10th Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Senthil Nagar 10th Street guideline value

The current guideline value of Senthil Nagar 10th Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Seevaram village and falls under the Neelankarai SRO, classified as Residential Class II Type - I.

How the guideline value of Senthil Nagar 10th Street has changed

The guideline value for Senthil Nagar 10th Street has seen several revisions over the years. The earliest recorded value was Rs 114 per sq.ft in 2002, which increased to Rs 200 per sq.ft in 2003, marking a 75% rise. The value then continued to grow, reaching Rs 400 per sq.ft in 2007, a 100% increase from the previous revision. In 2012, the value was recorded at Rs 2,500 per sq.ft, reflecting a significant increase of 525% from 2007. However, it decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%.

From 2017 to 2023, the guideline value rose to Rs 2,500 per sq.ft, indicating a 49% increase. The most recent revision in 2024 has set the value at Rs 2,800 per sq.ft, which is a 12% increase from 2023. Notably, there are no figures available for revisions in years other than those specified.

Guideline values in Seevaram

In Seevaram village, there are 84 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,300 per sq.ft. The median guideline value is Rs 2,800 per sq.ft, which matches the current value of Senthil Nagar 10th Street.

Stamp duty and registration fee for property in Senthil Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty is charged at 7%, which totals Rs 1,96,000, and the registration fee is 2%, amounting to Rs 56,000. Together, the total fees would be Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Nagar 10th Street?

The Sub Registrar Office that covers Senthil Nagar 10th Street 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Seevaram. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers should be aware that these fees are calculated based on the higher value between the guideline value and the actual sale price.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value as set by the government. This helps maintain transparency in property transactions and ensures that the correct amount of duty is collected by the state.

Frequently asked questions

What is the current guideline value of Senthil Nagar 10th Street?

The current guideline value of Senthil Nagar 10th Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 114 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 2,356% over the years.

What is the land classification for Senthil Nagar 10th Street?

Senthil Nagar 10th Street is classified as Residential Class II Type - I according to the Neelankarai SRO.

What are the stamp duty and registration fees for property in Senthil Nagar 10th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,52,000.

Which office handles the registration for Senthil Nagar 10th Street?

The Neelankarai Sub Registrar Office handles the registration for Senthil Nagar 10th Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.