Guideline Value

Corporate

Guideline Value for SENTHIL NAGAR 7TH STREET

₹2800/sq.ft.

The guideline value for Senthil Nagar 7th 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 7th Street

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Senthil Nagar 7th Street guideline value

The current guideline value of Senthil Nagar 7th 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 7th Street has changed

The guideline value for Senthil Nagar 7th Street has seen several revisions over the years. In 2002, the value was Rs 114 per sq.ft, which increased to Rs 200 per sq.ft in 2003, marking a 75% increase. By 2007, the value rose significantly to Rs 400 per sq.ft, a 100% increase from the previous revision. The 2012 revision saw the value increase to Rs 2,500 per sq.ft, representing a substantial 525% rise. However, in 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%. The guideline value then increased to Rs 2,500 per sq.ft in 2023, before reaching the current value of Rs 2,800 per sq.ft in 2024, 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 figure 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. The median value is Rs 2,800 per sq.ft, which is equal to the current guideline value of Senthil Nagar 7th Street.

Stamp duty and registration fee for property in Senthil Nagar 7th 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 at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar 7th Street?

The Sub Registrar Office that covers Senthil Nagar 7th 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 in property transactions in Seevaram. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the guideline value ensures that the property is assessed fairly according to the prevailing rates in the area. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Senthil Nagar 7th Street?

The current guideline value of Senthil Nagar 7th 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 7th Street?

For a 1,000 sq.ft plot, the total guideline value is 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 Sub Registrar Office covers Senthil Nagar 7th Street?

The Neelankarai Sub Registrar Office covers Senthil Nagar 7th Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What classification does Senthil Nagar 7th Street fall under?

Senthil Nagar 7th Street is classified as Residential Class II Type - I, indicating its designation for residential use within the area.