Guideline Value

Corporate

Guideline Value for SENTHIL NAGAR 11TH STREET

₹2800/sq.ft.

The guideline value for Senthil Nagar 11th 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 11th Street

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Senthil Nagar 11th Street guideline value

The current guideline value of Senthil Nagar 11th Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Seevaram village under the Neelankarai SRO, classified as Residential Class II Type - I.

How the guideline value of Senthil Nagar 11th Street has changed

The guideline value for Senthil Nagar 11th Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 114 per sq.ft. In 2003, it increased to Rs 200 per sq.ft, marking a change of +75%. The value continued to rise, reaching Rs 400 per sq.ft in 2007, which was a significant increase of +100%. However, from 2007 to 2012, the value decreased to Rs 2,500 per sq.ft, reflecting a change of -33%. In 2017, it was revised to Rs 1,675 per sq.ft, which was a +49% increase from the previous revision in 2012.

In 2023, the guideline value was set at Rs 2,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 2,800 per sq.ft, resulting in a change of +12%. Overall, from 2002 to 2024, the guideline value has increased by +2,356%.

Guideline values in Seevaram

In Seevaram village, there are 84 streets under the Neelankarai SRO with 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 is equal to the current value of Senthil Nagar 11th Street.

Stamp duty and registration fee for property in Senthil Nagar 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees together to 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Nagar 11th Street?

The Sub Registrar Office that covers Senthil Nagar 11th 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Seevaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and adherence to regulatory norms.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees payable. This ensures that both parties are aware of the financial obligations involved in the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Senthil Nagar 11th Street?

The current guideline value of Senthil Nagar 11th 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 significantly 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 stamp duty rate for property in Senthil Nagar 11th Street?

The stamp duty rate for property transactions in Senthil Nagar 11th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

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

How is the guideline value used during property registration?

The guideline value is used to determine the minimum value for property registration and to calculate the applicable stamp duty and registration fees, ensuring a standardized process for property transactions.