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Guideline Value

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Guideline Value for Sengundram Sri Senthil Velavan Nagar Extn.

₹440/sq.ft.

The guideline value for Sengundram Sri Senthil Velavan Nagar Extn. in Sothupakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sothupakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sengundram Sri Senthil Velavan Nagar Extn.

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Sengundram Sri Senthil Velavan Nagar Extn. guideline value

The current guideline value of Sengundram Sri Senthil Velavan Nagar Extn. is Rs 440 per sq.ft. This area is located in Sothupakkam village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sengundram Sri Senthil Velavan Nagar Extn. has changed

The guideline value has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 400 per sq.ft in 2023, and it has now risen to Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%, and from 2012 to 2017, there was a decrease of 33%. Overall, from 2007 to 2024, the guideline value has increased by 47%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sothupakkam

In Sothupakkam, there are 49 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,150 per sq.ft. The median value is Rs 440 per sq.ft, which is equal to the current guideline value of Sengundram Sri Senthil Velavan Nagar Extn.

Stamp duty and registration fee for property in Sengundram Sri Senthil Velavan Nagar Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sengundram Sri Senthil Velavan Nagar Extn.?

The Sub Registrar Office that covers Sengundram Sri Senthil Velavan Nagar Extn. is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is used to assess the taxes owed, ensuring that the appropriate fees are collected based on the official valuation rather than the sale price alone.

Frequently asked questions

What is the current guideline value of Sengundram Sri Senthil Velavan Nagar Extn.?

The current guideline value of Sengundram Sri Senthil Velavan Nagar Extn. is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, with various increases and decreases over the years, including a significant increase of 49% from 2017 to 2023.

What is the land classification for Sengundram Sri Senthil Velavan Nagar Extn.?

Sengundram Sri Senthil Velavan Nagar Extn. is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600 for these fees.

Where is the Sub Registrar Office for Sengundram Sri Senthil Velavan Nagar Extn. located?

The Sub Registrar Office for this area is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.