Guideline Value for SENTHOORE AVENUE

Senthoore Avenue guideline value

The current guideline value of Senthoore Avenue in Villiyampakkam village is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Mixed Special Type - I.

How the guideline value of Senthoore Avenue has changed

Looking at the historical revisions, the guideline value for Senthoore Avenue was Rs 500 per sq.ft in the 2024 revision, which is the same as the figure from the 2023 revision. Prior to that, in the 2017 revision, the value was Rs 335 per sq.ft, indicating a significant increase of 49% from 2017 to 2023.

The 2012 revision also had a guideline value of Rs 500 per sq.ft, which shows a decrease of 33% from the 2012 figure to the 2017 figure. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 500 per sq.ft. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Villiyampakkam

In Villiyampakkam, there are 17 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 401 to Rs 950 per sq.ft. The median value for these streets is Rs 500 per sq.ft, which is equal to the guideline value of Senthoore Avenue.

• Sakthi Veerammal Nagar: Rs 401 per sq.ft (2024)
• Sri Durga Nagar: Rs 401 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 450 per sq.ft (2024)
• Subhlabh Avenue: Rs 450 per sq.ft (2024)
• Sukra Avenue: Rs 401 per sq.ft (2024)
• Om Sakthi Nagar: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Senthoore Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthoore Avenue?

The Sub Registrar Office that covers Senthoore Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Villiyampakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the actual sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Senthoore Avenue?

The current guideline value of Senthoore Avenue is Rs 500 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 Rs 500 per sq.ft in 2024 and 2023, Rs 335 per sq.ft in 2017, and Rs 500 per sq.ft in 2012. The value increased by 49% from 2017 to 2023.

What are the guideline values of other streets in Villiyampakkam?

Other streets in Villiyampakkam have varying guideline values ranging from Rs 401 to Rs 950 per sq.ft, with Senthoore Avenue's value matching the median of Rs 500 per sq.ft.

What are the stamp duty and registration fees for buying property in Senthoore Avenue?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 45,000, including both fees.

Which office handles the registration for Senthoore Avenue?

The Chengleput Joint II Sub Registrar Office handles the registration for Senthoore Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.