Guideline Value for SENTHIL NAGAR/ ANNEX

Senthil Nagar/ Annex guideline value

The current guideline value for Senthil Nagar/ Annex is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Venmanamputhur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Senthil Nagar/ Annex has changed

Looking at the historical guideline values, the 2012 revision set the rate at Rs 200 per sq.ft. This was followed by a decrease to Rs 134 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

In the most recent revision, effective from 1 July 2024, the guideline value remains at Rs 200 per sq.ft, indicating no change from the 2023 revision. Overall, comparing the value from 2012 to 2024, there is no net change, maintaining the rate at Rs 200 per sq.ft throughout this period.

Guideline values in Venmanamputhur

Venmanamputhur village has a total of 54 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 200 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Senthil Nagar/ Annex's 2024 figure at the same median level.

• Seyon Nagar: Rs 200 per sq.ft (2024)
• Shanthi Nagar: Rs 200 per sq.ft (2024)
• Saradha Nagar: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 200 per sq.ft (2024)
• Sri Danalakshmi Nagar: Rs 250 per sq.ft (2024)
• Rayala Nagar(S.No.80/1a: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar/ Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000 for these charges. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Nagar/ Annex?

The Sub Registrar Office that covers Senthil Nagar/ Annex is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Venmanamputhur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the official valuation rather than the sale price.

When a property transaction occurs, the guideline value is used to determine the applicable taxes and fees, which are essential for completing the registration process. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value for Senthil Nagar/ Annex?

The current guideline value for Senthil Nagar/ Annex is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes: it was Rs 200 per sq.ft in 2012, decreased to Rs 134 per sq.ft in 2017, and then returned to Rs 200 per sq.ft in 2023 and 2024.

Which Sub Registrar Office covers Senthil Nagar/ Annex?

The Tiruvallur Joint 1 Sub Registrar Office covers Senthil Nagar/ Annex, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

What are the stamp duty and registration fees for property in Senthil Nagar/ Annex?

For a 1,000 sq.ft plot valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that these charges are based on an official valuation, providing transparency in the registration process.