Guideline Value for SENTHUR VELAN NAGAR

Senthur Velan Nagar guideline value

The current guideline value of Senthur Velan Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Atanancheri village and falls under the Gooduvancheri SRO. The land classification for this street is Mixed Type - I.

How the guideline value of Senthur Velan Nagar has changed

According to the register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017 for Senthur Velan Nagar. The guideline value was Rs 1,200 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years, which is a +0% change.

The 2024 revision maintains the same rate as the previous year, confirming a stable valuation for this street. The lack of figures in earlier revisions suggests that the guideline value has remained consistent in recent years.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Senthur Velan Nagar is above this median, reflecting its positioning within the village.

• Senthil Nagar: Rs 800 per sq.ft (2024)
• Shanthi Nagar: Rs 600 per sq.ft (2024)
• S.M.Nagar: Rs 670 per sq.ft (2024)
• S.M.Nagar Phase-I: Rs 670 per sq.ft (2024)
• S.M.Nagar Phase -II: Rs 670 per sq.ft (2024)
• Sri Amman Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Senthur Velan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. 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 detailed calculations based on your specific property.

Which Sub Registrar Office covers Senthur Velan Nagar?

The Sub Registrar Office that covers Senthur Velan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Atanancheri, as it determines 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 a property is sold, the guideline value is used to calculate applicable stamp duty and registration fees, which are essential costs associated with the transaction. Therefore, understanding the guideline value is important for both buyers and sellers to facilitate a smooth property transfer.

Frequently asked questions

What is the current guideline value for Senthur Velan Nagar?

The current guideline value for Senthur Velan Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Senthur Velan Nagar has remained at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions, showing no change between these years. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Atanancheri?

Other streets in Atanancheri have varying guideline values. For instance, Senthil Nagar is valued at Rs 800 per sq.ft, while Shanthi Nagar is at Rs 600 per sq.ft. The values range from Rs 400 to Rs 2,500 per sq.ft across the village.

What are the stamp duty and registration fees for property transactions?

The stamp duty for property transactions in Senthur Velan Nagar is 7% of the guideline value, while the registration fee is 2%. For a plot valued at Rs 12,00,000, the total stamp duty and registration fees would amount to Rs 1,08,000.

Where can I find the Sub Registrar Office for Senthur Velan Nagar?

The Sub Registrar Office for Senthur Velan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.