Guideline Value for SENTHIL Nagar

SENTHIL Nagar guideline value

The current guideline value of SENTHIL Nagar in Zaminpallavaram village is Rs 2,160 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of SENTHIL Nagar has changed

The guideline value for SENTHIL Nagar has undergone several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,340 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 2,000 per sq.ft, and the most recent revision in 2024 has increased it further to Rs 2,160 per sq.ft, reflecting an 8% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 260%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing SENTHIL Nagar's 2024 figure below that median.

• Senthamizh Nagar: Rs 2,100 per sq.ft (2024)
• Selvaraj Street: Rs 2,100 per sq.ft (2024)
• Shanmuga Nagar: Rs 2,750 per sq.ft (2024)
• Shanthi Nagar: Rs 2,750 per sq.ft (2024)
• Shanthi Nagar 1st Cross Street: Rs 2,750 per sq.ft (2024)
• Shanthi Nagar 1st Street: Rs 2,750 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 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, while the registration fee at 2% would be Rs 43,200, bringing the total to Rs 1,94,400. 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 Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees that are payable at the time of property registration.

Buyers and sellers should be aware that the guideline value is used to ensure transparency in property transactions. It helps in standardizing property values across the region, making it easier for both parties to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of SENTHIL Nagar?

The current guideline value of SENTHIL Nagar is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,160 per sq.ft in 2024, reflecting an overall increase of 260% over the years.

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

Other streets in Zaminpallavaram include Senthamizh Nagar and Selvaraj Street at Rs 2,100 per sq.ft, and Shanmuga Nagar, Shanthi Nagar, Shanthi Nagar 1st Cross Street, and Shanthi Nagar 1st Street at Rs 2,750 per sq.ft.

What fees are associated with buying property in SENTHIL Nagar?

When buying property in SENTHIL Nagar, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for SENTHIL Nagar?

The Sub Registrar Office for SENTHIL Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.