Guideline Value

Corporate

Guideline Value for SENTHIL NAGAR 9TH STREET

₹2800/sq.ft.

The guideline value for Senthil Nagar 9th 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 9th Street

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Senthil Nagar 9th Street guideline value

The current guideline value of Senthil Nagar 9th 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 9th Street has changed

The guideline value for Senthil Nagar 9th Street has seen several revisions since 2002. In 2002, the value was Rs 114 per sq.ft, which increased to Rs 200 per sq.ft in 2003, marking a 75% rise. The value then rose to Rs 400 per sq.ft in 2007, a significant increase of 100%. Following this, the value surged to Rs 2,500 per sq.ft in 2012, reflecting a 525% increase. However, it dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 2,500 per sq.ft in 2023, showing a 49% rise, and finally reached the current rate of Rs 2,800 per sq.ft in 2024, which is a 12% increase.

There are no figures available for the years not mentioned in the register for this street.

Guideline values in Seevaram

In Seevaram village, 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, placing Senthil Nagar 9th Street at this median value.

Stamp duty and registration fee for property in Senthil Nagar 9th 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 to Rs 2,52,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar 9th Street?

The Sub Registrar Office that covers Senthil Nagar 9th 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 of property transactions in Seevaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the sale.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Senthil Nagar 9th Street?

The current guideline value of Senthil Nagar 9th 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 from Rs 114 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, representing an overall increase of 2,356% over this period.

What is the land classification for Senthil Nagar 9th Street?

Senthil Nagar 9th Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for a property in Senthil Nagar 9th Street?

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 registrations for Senthil Nagar 9th Street?

The Neelankarai Sub Registrar Office handles registrations for Senthil Nagar 9th Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.