Guideline Value for SENTHILSAMY ST

Senthilsamy St guideline value

The current guideline value of Senthilsamy St in Vilingiyambakkam village, under the Avadi SRO, is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Senthilsamy St has changed

The guideline value for Senthilsamy St has seen several revisions over the years. The 2012 revision set the value at Rs 850 per sq.ft, which changed to Rs 569 per sq.ft in 2017, marking a decrease of 33%. The 2023 revision raised it back to Rs 850 per sq.ft, and the latest 2024 revision increased it further to Rs 935 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value is Rs 935 per sq.ft, which is equal to the current value for Senthilsamy St.

• Senthamil Nagar Udayasuriyan St: Rs 810 per sq.ft (2024)
• Senthamil Nagar Kannadasan St: Rs 810 per sq.ft (2024)
• Senthamil Nagar Jegajeevanam Street: Rs 810 per sq.ft (2024)
• Senthamil Nagar Immanuel St: Rs 810 per sq.ft (2024)
• Senthamil Nagar Buddhar St: Rs 810 per sq.ft (2024)
• Senthamil Nagar Ambedkar St: Rs 810 per sq.ft (2024)

Stamp duty and registration fee for property in Senthilsamy St

For a 1,000 sq.ft plot at the current rate of Rs 935 per sq.ft, the guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total to Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthilsamy St?

The Sub Registrar Office that covers Senthilsamy St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government.

When buying or selling a property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Senthilsamy St?

The current guideline value of Senthilsamy St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then back to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Senthilsamy St?

Senthilsamy St is classified under Residential Class II Type - II land classification.

Where can I find the registration office for Senthilsamy St?

The registration office for Senthilsamy St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Senthilsamy St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450 at a rate of 7%.