Guideline Value for SENTHILNAGAR

Senthilnagar guideline value

The current guideline value of Senthilnagar, located in Kodivalasa village under the Pallipattu SRO, is Rs 175 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Senthilnagar has changed

The guideline value for Senthilnagar has seen several revisions over the years. In 2007, the value was Rs 25 per sq.ft, which increased significantly to Rs 125 per sq.ft in 2012. However, it then decreased to Rs 84 per sq.ft in 2017. The value rose again to Rs 100 per sq.ft in 2023 and is now set at Rs 175 per sq.ft from the 2024 revision.

Overall, from 2007 to 2024, the guideline value has increased by 600%. The change from 2023 to 2024 marks a notable increase of 75%, while the transition from 2017 to 2023 reflects a 19% rise. The 2012 to 2017 period saw a decrease of 33%, and the jump from 2007 to 2012 was a remarkable 400%.

Guideline values in Kodivalasa

In Kodivalasa, there are 17 streets under the Pallipattu SRO with a 2024 guideline value ranging from Rs 175 to Rs 250 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Senthilnagar's current figure below this median.

• Santhusteeet: Rs 200 per sq.ft (2024)
• Ramannastreet: Rs 200 per sq.ft (2024)
• Sundrareswararnagar: Rs 200 per sq.ft (2024)
• PILLYARKOIL St.,: Rs 200 per sq.ft (2024)
• Thoppustreet: Rs 250 per sq.ft (2024)
• Ottavadaistreet: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Senthilnagar

For a 1,000 sq.ft plot at the current guideline value of Rs 175 per sq.ft, the total guideline value amounts to Rs 1,75,000. The stamp duty, calculated at 7%, would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, making the total fees together Rs 15,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Senthilnagar?

The Sub Registrar Office that covers Senthilnagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Kodivalasa. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value is assessed to ensure that the correct fees are applied based on the higher value between the guideline value and the actual sale price. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Senthilnagar?

The current guideline value of Senthilnagar is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value of Senthilnagar changed over the years?

Since 2007, the guideline value has changed from Rs 25 per sq.ft to Rs 175 per sq.ft in 2024, marking a total increase of 600% over the years.

What is the median guideline value of streets in Kodivalasa?

The median guideline value for streets in Kodivalasa is Rs 200 per sq.ft, with Senthilnagar's current value being below this median.

What are the stamp duty and registration fees for property in Senthilnagar?

For a property valued at Rs 1,75,000 in Senthilnagar, the stamp duty is Rs 12,250, and the registration fee is Rs 3,500, totaling Rs 15,750.

Where is the Sub Registrar Office for Senthilnagar located?

The Sub Registrar Office for Senthilnagar is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.