Guideline Value for SENTHIL NAGAR

Senthil Nagar guideline value

The current guideline value of Senthil Nagar, located in Siruvanoor village under the Tiruvallur Joint 1 SRO, is Rs 100 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - III land classification.

How the guideline value of Senthil Nagar has changed

Looking at the revisions, the guideline value for Senthil Nagar was Rs 67 per sq.ft in 2017. In the subsequent revision of 2023, it increased to Rs 100 per sq.ft. The 2024 revision has maintained this value at Rs 100 per sq.ft, resulting in a 49% increase from the 2017 figure to the 2024 figure.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions with recorded figures are from 2017, 2023, and 2024, showing a consistent increase from the 2017 revision to the present.

Guideline values in Siruvanoor

In Siruvanoor village, there are 18 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 900 per sq.ft, with a median value of Rs 250 per sq.ft. Senthil Nagar's 2024 figure is below this median.

• S.J.N. Nagar: Rs 100 per sq.ft (2024)
• S.P. Garden: Rs 100 per sq.ft (2024)
• Sri Krishna Nagar & Pahse-I: Rs 300 per sq.ft (2024)
• Sri Selva Ganapathi Nagar: Rs 300 per sq.ft (2024)
• Sri Varsha Garden: Rs 400 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 200 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 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar?

Senthil Nagar falls under the jurisdiction of the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. To find your SRO, you can visit this link.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Siruvanoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Senthil Nagar?

The current guideline value of Senthil Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

Are there any years with no recorded guideline value for Senthil Nagar?

Yes, the register has no figures for Senthil Nagar for the years 2002, 2003, 2007, and 2012.

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

For a property with a guideline value of Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which office handles registrations for Senthil Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Senthil Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.