Guideline Value

Corporate

Guideline Value for SENTHIL NAGAR 12TH STREET

₹2800/sq.ft.

The guideline value for Senthil Nagar 12th 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 12th Street

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Senthil Nagar 12th Street guideline value

The current guideline value of Senthil Nagar 12th 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. The land classification for this area is Residential Class II Type - I.

How the guideline value of Senthil Nagar 12th Street has changed

The guideline value for Senthil Nagar 12th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 114 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2003. Following that, the value rose to Rs 400 per sq.ft in 2007, and then saw an impressive jump to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, before reaching the current figure of Rs 2,800 per sq.ft in 2024.

Between the revisions, there have been notable changes. From 2017 to 2023, the guideline value increased by 49%. The 2012 to 2017 period saw a decrease of 33%. The 2007 to 2012 revision experienced a substantial increase of 525%, while the 2003 to 2007 revision saw a 100% increase. The 2002 to 2003 period had a 75% increase. Overall, from 2002 to 2024, the guideline value has increased by 2,356%.

Guideline values in Seevaram

In Seevaram, 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 value for these streets is Rs 2,800 per sq.ft, which is the same as the guideline value for Senthil Nagar 12th Street.

Stamp duty and registration fee for property in Senthil Nagar 12th 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 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.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar 12th Street?

The Sub Registrar Office that covers Senthil Nagar 12th 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 when buying or selling property in Seevaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value is used to calculate stamp duty and registration fees during the transaction process.

When a property is sold, the registration office uses the guideline value to ensure that the transaction is recorded at a fair value. This helps maintain transparency in property transactions and ensures that the appropriate taxes are collected based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Senthil Nagar 12th Street?

The current guideline value of Senthil Nagar 12th 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, with the current value being Rs 2,800 per sq.ft in 2024, compared to Rs 1,675 per sq.ft in 2017. The overall increase from 2002 to 2024 is 2,356%.

What is the land classification for Senthil Nagar 12th Street?

Senthil Nagar 12th Street is classified as Residential Class II Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Senthil Nagar 12th Street located?

The Neelankarai Sub Registrar Office covers Senthil Nagar 12th Street and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.