Guideline Value for SENTHILVELAN ST

Senthilvelan St guideline value

The current guideline value of Senthilvelan St in Thandurai village is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Senthilvelan St has changed

Looking at the guideline value revisions, the 2012 revision set the value at Rs 800 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft. A significant increase was noted in the 2023 revision, bringing the value back to Rs 800 per sq.ft, which remained the same in the 2024 revision, showing a change of +0% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 800 per sq.ft.

Between the years, the 2017 revision saw a +49% increase from Rs 536 per sq.ft to Rs 800 per sq.ft in 2023. Notably, there are no figures available for the years 2002, 2003, and 2007 for Senthilvelan St in the register.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, indicating that Senthilvelan St's 2024 figure is below this median.

• Senthil Nagar All Streets: Rs 988 per sq.ft (2024)
• Sasthiri Nagar All Streets: Rs 988 per sq.ft (2024)
• Saravana Nagar: Rs 988 per sq.ft (2024)
• Saraswathy St, Cholan Nagar: Rs 988 per sq.ft (2024)
• S.M.R.St, Gandhi Nagar: Rs 1,300 per sq.ft (2024)
• South Bajar: Rs 1,950 per sq.ft (2024)

Stamp duty and registration fee for property in Senthilvelan St

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Senthilvelan St?

The Sub Registrar Office that covers Senthilvelan 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 details.

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

The guideline value is a crucial factor when registering property in Thandurai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. Buyers and sellers should be aware that the registration fees and stamp duty are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Senthilvelan St?

The current guideline value of Senthilvelan St is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most significant being a decrease to Rs 536 per sq.ft in 2017 and then an increase back to Rs 800 per sq.ft in 2023, which remained the same in 2024.

What is the land classification for Senthilvelan St?

Senthilvelan St is classified as Residential Class II Type - II, indicating its zoning for residential purposes.

What are the stamp duty and registration fees for properties in Senthilvelan St?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which Sub Registrar Office covers Senthilvelan St?

The Avadi Sub Registrar Office covers Senthilvelan St, located in Thandurai Village, Avadi Taluk, Tiruvallur District.