Guideline Value

Corporate

Guideline Value for SENTHIL NAGAR 6TH STREET

₹2800/sq.ft.

The guideline value for Senthil Nagar 6th 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 6th Street

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Senthil Nagar 6th Street guideline value

The current guideline value of Senthil Nagar 6th 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 6th Street has changed

The guideline value for Senthil Nagar 6th Street has undergone several revisions over the years. Starting from Rs 114 per sq.ft in 2002, the value increased to Rs 200 per sq.ft in 2003, marking a 75% rise. By 2007, the guideline value surged to Rs 400 per sq.ft, reflecting a 100% increase. The value then saw a significant jump to Rs 2,500 per sq.ft in 2012, representing a 525% increase. However, from 2012 to 2017, it decreased to Rs 1,675 per sq.ft, a decline of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 2,800 per sq.ft, which is a 12% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,356%. The register has no figures for the years not mentioned in the revisions.

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, with a median value of Rs 2,800 per sq.ft. Senthil Nagar 6th Street's 2024 figure matches this median value.

Stamp duty and registration fee for property in Senthil Nagar 6th 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 charged at 7% would be 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 applied to 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 6th Street?

The Sub Registrar Office that covers Senthil Nagar 6th 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 further assistance.

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 stamp duty and registration fees that must be paid during the transaction process. This value is established by the government and is updated periodically based on various factors.

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 and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Senthil Nagar 6th Street?

The current guideline value of Senthil Nagar 6th 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 are the stamp duty and registration fees for property in Senthil Nagar 6th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 28,00,000. The stamp duty at 7% is Rs 1,96,000, and the registration fee at 2% is Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office covers Senthil Nagar 6th Street?

The Neelankarai Sub Registrar Office covers Senthil Nagar 6th Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the significance of the guideline value when buying property?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is the higher of the guideline value or the sale price that is considered for calculating these fees.