Guideline Value for SENTHUR AVENUE PHASE I

Senthur Avenue Phase I guideline value

The current guideline value of Senthur Avenue Phase I is Rs 1,500 per sq.ft. This property is located in Melakottyur village and falls under the Gooduvancheri SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Senthur Avenue Phase I has changed

Over the years, the guideline value of Senthur Avenue Phase I has undergone significant changes. The 2017 revision recorded a guideline value of Rs 1,005 per sq.ft. This value was increased to Rs 1,500 per sq.ft in the 2023 revision, marking a change of +49% from the previous revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only recorded revisions are from 2017 and 2023.

Guideline values in Melakottyur

Currently, there are no specific guideline values provided for other streets in Melakottyur under the Gooduvancheri SRO. Therefore, information on other streets in Melakottyur is unavailable at this time.

Stamp duty and registration fee for property in Senthur Avenue Phase I

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Together, the total cost would be Rs 1,35,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthur Avenue Phase I?

The Sub Registrar Office that covers Senthur Avenue Phase I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Melakottyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When you buy or sell property in Senthur Avenue Phase I, the guideline value will influence the stamp duty and registration fees. This ensures that both parties adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Senthur Avenue Phase I?

The current guideline value of Senthur Avenue Phase I is Rs 1,500 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

The guideline value increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, which is a change of +49%.

Are there any guideline values available for revisions before 2017?

No, the register has no figures for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

How is stamp duty calculated for properties in Senthur Avenue Phase I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 15,00,000 would incur a stamp duty of Rs 1,05,000 at 7%.

Where can I find the Sub Registrar Office for Senthur Avenue Phase I?

The Gooduvancheri Sub Registrar Office covers Senthur Avenue Phase I, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.