Guideline Value for SENTHIL NAGAR

Senthil Nagar guideline value

The current guideline value of Senthil Nagar, located in Mamandoor village under the Chengleput Joint II SRO, is Rs 500 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - II.

How the guideline value of Senthil Nagar has changed

Over the years, the guideline value of Senthil Nagar has seen several revisions. The 2007 revision set the value at Rs 250 per sq.ft, which increased to Rs 500 per sq.ft in the 2012 revision. However, this value remained unchanged until the 2017 revision, which raised it to Rs 335 per sq.ft, marking a 49% increase from the previous figure. The 2023 revision maintained this value of Rs 500 per sq.ft, and the same value continues into the 2024 revision, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 100%.

Guideline values in Mamandoor

In Mamandoor, there are 41 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,200 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value of Senthil Nagar aligns with this median.

• S.P.Avenue: Rs 300 per sq.ft (2024)
• Sai Sri Sastha Nagar Phase 1 & 2: Rs 500 per sq.ft (2024)
• R.P.G Rainbow City: Rs 800 per sq.ft (2024)
• Sri Padmaladha Avenue: Rs 650 per sq.ft (2024)
• Raji Nagar: Rs 300 per sq.ft (2024)
• Sri Sai Sreevari Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees together to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Nagar?

The Sub Registrar Office that covers Senthil Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mamandoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When engaging in a property transaction, the guideline value is considered to ensure compliance with legal requirements. This helps in maintaining transparency in property dealings and prevents undervaluation of properties during registration.

Frequently asked questions

What is the current guideline value of Senthil Nagar?

The current guideline value of Senthil Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then to Rs 335 per sq.ft in 2017, and has remained at Rs 500 per sq.ft in 2023 and 2024.

What are the other streets in Mamandoor with their guideline values?

Other streets in Mamandoor include S.P.Avenue at Rs 300 per sq.ft, Sai Sri Sastha Nagar Phase 1 & 2 at Rs 500 per sq.ft, R.P.G Rainbow City at Rs 800 per sq.ft, Sri Padmaladha Avenue at Rs 650 per sq.ft, Raji Nagar at Rs 300 per sq.ft, and Sri Sai Sreevari Nagar at Rs 500 per sq.ft.

What is the registration fee for property in Senthil Nagar?

The registration fee for property in Senthil Nagar is calculated as 2% of the guideline value. For a property valued at Rs 5,00,000, the registration fee would be Rs 10,000.

Where is the Sub Registrar Office for Senthil Nagar located?

The Sub Registrar Office for Senthil Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.