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Guideline Value for Sengundram Sri Senthil Velavan Nagar Part - I

₹440/sq.ft.

The guideline value for Sengundram Sri Senthil Velavan Nagar Part - I 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 Part - I

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Sengundram Sri Senthil Velavan Nagar Part - I guideline value

The current guideline value for Sengundram Sri Senthil Velavan Nagar Part - I is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Sothupakkam village and falls under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Sengundram Sri Senthil Velavan Nagar Part - I has changed

The guideline value for Sengundram Sri Senthil Velavan Nagar Part - I has undergone several revisions over the years. The earliest recorded value is from 2007, which was Rs 300 per sq.ft. This increased to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017. Following this, the value rose significantly to Rs 400 per sq.ft in 2023, and finally reached Rs 440 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 33% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. 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 have a guideline value for 2024, ranging from Rs 330 to Rs 1,150 per sq.ft. The median guideline value is Rs 440 per sq.ft, which is the same as the current value for Sengundram Sri Senthil Velavan Nagar Part - I.

Stamp duty and registration fee for property in Sengundram Sri Senthil Velavan Nagar Part - I

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty, charged at 7%, would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800. Together, the total fees would be 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 more details.

Which Sub Registrar Office covers Sengundram Sri Senthil Velavan Nagar Part - I?

The Sub Registrar Office that covers Sengundram Sri Senthil Velavan Nagar Part - I is the Redhills Sub Registrar Office. The address is Sub Registrar Office, 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 a crucial factor during the registration of property transactions in Sothupakkam. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring transparency in the buying and selling process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted fairly and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sengundram Sri Senthil Velavan Nagar Part - I?

The current guideline value of Sengundram Sri Senthil Velavan Nagar Part - I 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 a decrease in between. The most significant increase was from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification for Sengundram Sri Senthil Velavan Nagar Part - I?

The land classification for Sengundram Sri Senthil Velavan Nagar Part - I is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sengundram Sri Senthil Velavan Nagar Part - I is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at 7%.