Guideline Value for SENTHOOR NAGAR

Senthoor Nagar guideline value

The current guideline value of Senthoor Nagar is Rs 450 per sq.ft, effective from 1 July 2024. This area is located in Koppur village and falls under the Manavalanagar SRO, classified as Residential Class I Type - I.

How the guideline value of Senthoor Nagar has changed

The guideline value for Senthoor Nagar has remained consistent at Rs 450 per sq.ft for both the 2023 and 2024 revisions. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

As per the latest revision in 2024, there was no change in the guideline value from the previous year, maintaining the rate at Rs 450 per sq.ft. This indicates a stable valuation for this area over the past two years.

Guideline values in Koppur

In Koppur, there are 14 streets under the Manavalanagar SRO that have a 2024 guideline value ranging from Rs 202 to Rs 1,800 per sq.ft, with a median value of Rs 400 per sq.ft. Senthoor Nagar's guideline value is above this median, reflecting its unique position within the village.

• Mahidara Sarovar: Rs 250 per sq.ft (2024)
• Maha Nagar: Rs 350 per sq.ft (2024)
• Happy Home Colony: Rs 450 per sq.ft (2024)
• Aura Residences Phase -3: Rs 1,800 per sq.ft (2024)
• Green Homes: Rs 450 per sq.ft (2024)
• Green Homes Part 3: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Senthoor Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, making the total cost for these fees Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthoor Nagar?

Senthoor Nagar is covered by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Senthoor Nagar?

The current guideline value of Senthoor Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Senthoor Nagar has remained at Rs 450 per sq.ft for both the 2023 and 2024 revisions. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the other guideline values in Koppur?

In Koppur, other streets have varying guideline values, with rates ranging from Rs 202 to Rs 1,800 per sq.ft. Senthoor Nagar's value is above the median of Rs 400 per sq.ft.

What fees are involved when buying property in Senthoor Nagar?

When buying property, the stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%. For example, a 1,000 sq.ft plot would incur total fees of Rs 40,500 based on the current guideline value.

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

The Sub Registrar Office covering Senthoor Nagar is the Manavalanagar SRO, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.