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Guideline Value

Corporate

Guideline Value for SENTHIL NAGAR 3RD STREET

₹2800/sq.ft.

The guideline value for Senthil Nagar 3rd 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 3rd Street

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Senthil Nagar 3rd Street guideline value

The current guideline value of Senthil Nagar 3rd Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Seevaram village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Senthil Nagar 3rd Street has changed

The guideline value for Senthil Nagar 3rd Street has seen several revisions over the years. In 2002, the guideline value was Rs 114 per sq.ft. This increased to Rs 200 per sq.ft in 2003, followed by a rise to Rs 400 per sq.ft in 2007. The value then jumped significantly to Rs 2,500 per sq.ft in 2012, before dropping to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, and the most recent revision in 2024 has increased it to Rs 2,800 per sq.ft.

Looking at the changes, from 2002 to 2024, the overall increase is 2,356%. Between the 2017 and 2023 revisions, there was a notable increase of 49%. However, the value decreased by 33% from 2012 to 2017. The most significant rise occurred from 2007 to 2012, with a 525% increase, while the increase from 2003 to 2007 was 100%. The change from 2023 to 2024 is 12%.

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 guideline value for these streets is Rs 2,800 per sq.ft, which is equal to the current value for Senthil Nagar 3rd Street.

Stamp duty and registration fee for property in Senthil Nagar 3rd 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, charged at 7%, would amount to Rs 1,96,000, and the registration fee, charged at 2%, would be Rs 56,000. Therefore, the total cost for stamp duty and registration 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Nagar 3rd Street?

The Sub Registrar Office that covers Senthil Nagar 3rd 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 plays a crucial role in the registration process when buying or selling property in Seevaram. It is used to determine the stamp duty and registration fees, which are essential costs associated with property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the correct fees are paid based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Senthil Nagar 3rd Street?

The current guideline value of Senthil Nagar 3rd 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, marking an overall increase of 2,356% over this period.

What is the registration fee for property in Senthil Nagar 3rd Street?

The registration fee is calculated at 2% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 28,00,000, the registration fee would be Rs 56,000.

Where is the Sub Registrar Office for Senthil Nagar 3rd Street located?

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

What are the other streets in Seevaram with the same guideline value?

Other streets in Seevaram that have a guideline value of Rs 2,800 per sq.ft in 2024 include Senthil Nagar 1st Street, Senthil Nagar 2nd Street, Senthil Nagar 4th Street, Senthil Nagar 5th Street, Senthil Nagar 6th Street, and Senthil Nagar 7th Street.