Guideline Value

Corporate

Guideline Value for SENTHIL NAGAR PART-II

₹220/sq.ft.

The guideline value for Senthil Nagar Part-ii in Perungavur village (Redhills SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungavur

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Part-ii

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Senthil Nagar Part-II guideline value

The current guideline value of Senthil Nagar Part-II in Perungavur village, under the Redhills SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Senthil Nagar Part-II has changed

The guideline value for Senthil Nagar Part-II has undergone several revisions over the years. The earliest recorded value is from 2012, which was Rs 200 per sq.ft. This was followed by a decrease to Rs 134 per sq.ft in 2017. The 2023 revision saw an increase to Rs 200 per sq.ft, and the most recent revision in 2024 raised it further to Rs 220 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a notable decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with a median value of Rs 275 per sq.ft. Senthil Nagar Part-II's 2024 figure is below this median.

Stamp duty and registration fee for property in Senthil Nagar Part-II

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty is charged at 7%, which totals Rs 15,400, and the registration fee is 2%, amounting to Rs 4,400. Together, the total cost for stamp duty and registration fee would be Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Nagar Part-II?

The Sub Registrar Office that covers Senthil Nagar Part-II is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Perungavur. It is the minimum value set by the government for property transactions, ensuring that the registration fees and stamp duties are calculated based on this value. Buyers and sellers must consider this value when negotiating the sale price of a property.

When a property is sold, the registration office uses the guideline value to determine the applicable stamp duty and registration fees. This ensures that all transactions are conducted fairly and transparently, adhering to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Senthil Nagar Part-II?

The current guideline value of Senthil Nagar Part-II is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification for Senthil Nagar Part-II?

Senthil Nagar Part-II is classified as Residential Class III Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Senthil Nagar Part-II?

The Sub Registrar Office for Senthil Nagar Part-II is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Senthil Nagar Part-II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,20,000, the stamp duty would be Rs 15,400 at 7%.