Guideline Value for SENTHIL NAGAR PART-I

Senthil Nagar Part-I guideline value

The current guideline value of Senthil Nagar Part-I is Rs 275 per sq.ft, effective from 1 July 2024. This locality is situated in Perungavur village and falls under the Redhills SRO. The land classification for this area is Residential Class II Type - I.

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

The guideline value for Senthil Nagar Part-I has undergone several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which was then reduced to Rs 167 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 250 per sq.ft, and the most recent 2024 revision raised it further to Rs 275 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between the revisions include a 50% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register does not have 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 guideline value for 2024, ranging from Rs 220 to Rs 1,500 per sq.ft. The median value is Rs 275 per sq.ft, which is equal to the guideline value of Senthil Nagar Part-I.

• Senthil Nagar Part-II: Rs 220 per sq.ft (2024)
• Senthil Nagar: Rs 275 per sq.ft (2024)
• Shanthi Nagar Annex IV: Rs 275 per sq.ft (2024)
• Sastha Nagar Phase I & II: Rs 220 per sq.ft (2024)
• Sastha Nagar: Rs 220 per sq.ft (2024)
• Sanjay Nagar: Rs 275 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total fees to Rs 24,750. It is important to note that the duty is charged on 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 Part-I?

The Sub Registrar Office that covers Senthil Nagar Part-I 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 details.

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

The guideline value is essential for determining the stamp duty and registration fees when buying or selling property in Perungavur. It serves as a benchmark for the official valuation of the property, which is used during the registration process.

When you register a property, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in property dealings. This value is crucial for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

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

The current guideline value of Senthil Nagar Part-I is Rs 275 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 275 per sq.ft in 2024, with various revisions in between reflecting increases and decreases.

What is the stamp duty for property in Senthil Nagar Part-I?

The stamp duty for property in Senthil Nagar Part-I is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, this amounts to Rs 19,250.

Which office handles property registrations for Senthil Nagar Part-I?

The Redhills Sub Registrar Office handles property registrations for Senthil Nagar Part-I, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

Where can I find other streets with their guideline values in Perungavur?

Other streets in Perungavur, along with their guideline values, can be found in the relevant sections of the registration department's guidelines. A list of these streets is provided above.