Guideline Value for SENTHIL NAGAR

Senthil Nagar guideline value

The current guideline value of Senthil Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Atanancheri village under the Gooduvancheri SRO and is classified as Residential Special Type - III.

How the guideline value of Senthil Nagar has changed

The guideline value for Senthil Nagar has remained consistent at Rs 800 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017.

Between the 2023 and 2024 revisions, there was no change in the guideline value, maintaining a rate of Rs 800 per sq.ft. This consistency indicates stability in the valuation for this street over the past two years.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median value of Rs 700 per sq.ft. Senthil Nagar's 2024 figure is above this median, reflecting its higher valuation compared to many other streets in the village.

• Senthur Velan Nagar: Rs 1,200 per sq.ft (2024)
• Shanthi Nagar: Rs 600 per sq.ft (2024)
• S.M.Nagar: Rs 670 per sq.ft (2024)
• S.M.Nagar Phase-I: Rs 670 per sq.ft (2024)
• S.M.Nagar Phase -II: Rs 670 per sq.ft (2024)
• Sri Amman Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. 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?

The Sub Registrar Office that covers Senthil Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial figure used during property registration in Atanancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property transaction occurs, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of this value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Senthil Nagar?

The current guideline value of Senthil Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Senthil Nagar has been Rs 800 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Atanancheri?

Other streets in Atanancheri have varying guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. For instance, Senthur Velan Nagar has a guideline value of Rs 1,200 per sq.ft, while Sri Amman Nagar has a value of Rs 400 per sq.ft.

What fees are associated with property registration in Senthil Nagar?

When registering property in Senthil Nagar, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 72,000.

Where is the Sub Registrar Office for Senthil Nagar located?

The Sub Registrar Office for Senthil Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.