Guideline Value

Corporate

Guideline Value for SENTHIL NAGAR 1ST STREET

₹2800/sq.ft.

The guideline value for Senthil Nagar 1st 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 1st Street

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Senthil Nagar 1st Street guideline value

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

How the guideline value of Senthil Nagar 1st Street has changed

Looking back at the revisions, the guideline value for Senthil Nagar 1st Street has seen significant changes over the years. In 2002, the value was Rs 114 per sq.ft, which increased to Rs 200 per sq.ft in 2003. The value then rose to Rs 400 per sq.ft in 2007, followed by a substantial 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 and has now reached Rs 2,800 per sq.ft in 2024.

The changes between these revisions are noteworthy. From 2002 to 2024, there has been an overall increase of 2,356%. Specifically, the jump from 2017 to 2023 was 49%, while the increase from 2023 to 2024 is 12%. The 2007 to 2012 revision saw a decrease of 33%, while the increase from 2003 to 2007 was 100% and from 2002 to 2003 was 75%. There are no figures available for any other revisions for this street.

Guideline values in Seevaram

In Seevaram, there are 84 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 8,300 per sq.ft, with the median value being Rs 2,800 per sq.ft. Senthil Nagar 1st Street's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Senthil Nagar 1st 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 be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total 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 also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Senthil Nagar 1st Street?

The Sub Registrar Office that covers Senthil Nagar 1st Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Seevaram. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value is set by the government and reflects the minimum value at which a property can be registered.

When you are buying or selling a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Senthil Nagar 1st Street?

The current guideline value of Senthil Nagar 1st 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 this period.

What is the land classification for Senthil Nagar 1st Street?

Senthil Nagar 1st Street falls under the Residential Class II Type - I land classification.

What are the stamp duty and registration fees for properties 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.

Which office handles the registration for Senthil Nagar 1st Street?

The Neelankarai Sub Registrar Office handles the registration for Senthil Nagar 1st Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.