Guideline Value for SENTHIL NAGAR

Senthil Nagar guideline value

The current guideline value of Senthil Nagar, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 3,500 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Senthil Nagar has changed

In the 2017 revision, the guideline value was set at Rs 2,345 per sq.ft. This figure saw a significant increase to Rs 3,500 per sq.ft in the 2023 revision, marking a 49% rise over the six-year period. The 2024 revision maintained the same rate of Rs 3,500 per sq.ft, resulting in no percentage change from the previous year.

It is important to note that the register has no figures for Senthil Nagar for the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for the village is Rs 1,500 per sq.ft, placing Senthil Nagar's 2024 figure above this median.

• Sengazhi Amman Kovil Street: Rs 1,000 per sq.ft (2024)
• Selva Vinayagar Nagar: Rs 1,200 per sq.ft (2024)
• Selvaraj Nagar: Rs 1,000 per sq.ft (2024)
• Sheela Nagar: Rs 1,000 per sq.ft (2024)
• School Street: Rs 1,200 per sq.ft (2024)
• Shri Mahalakshmi Nagar: Rs 1,500 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 3,500 per sq.ft, the total guideline value amounts to Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total cost for these fees to Rs 3,15,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our 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, Nandhivaram, 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 Nandhivaram

The guideline value serves as a reference point for the registration of property transactions in Nandhivaram. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it can influence the overall cost of the transaction. The guideline value may differ from the actual sale price, but the higher of the two will be used for calculating the applicable fees.

Frequently asked questions

What is the current guideline value of Senthil Nagar?

The current guideline value of Senthil Nagar is Rs 3,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. The value was Rs 2,345 per sq.ft in 2017 and rose to Rs 3,500 per sq.ft in 2023 and 2024.

What is the median guideline value in Nandhivaram?

The median guideline value in Nandhivaram is Rs 1,500 per sq.ft, with Senthil Nagar's value being above this median.

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

For a property valued at Rs 35,00,000, the stamp duty is Rs 2,45,000 and the registration fee is Rs 70,000, totaling Rs 3,15,000.

Which office handles the registration for Senthil Nagar?

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