Guideline Value

Corporate

Guideline Value for Sengundram Sri Senthil Velavan Nagar Part-II

₹715/sq.ft.

The guideline value for Sengundram Sri Senthil Velavan Nagar Part-ii in Sothupakkam village (Redhills SRO, Chennai zone) is Rs 715 per sq.ft, effective 1 July 2024. It was Rs 650 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sothupakkam

Village

Redhills

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹715 /sq.ft.
From 1-4-2023 ₹650 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹435 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹650 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /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-ii

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Sengundram Sri Senthil Velavan Nagar Part-II guideline value

The current guideline value for Sengundram Sri Senthil Velavan Nagar Part-II is Rs 715 per sq.ft, effective from 1 July 2024. This area is located in Sothupakkam village, under the jurisdiction of the Redhills Sub Registrar Office (SRO). The land classification for this region is Residential Special Type - I.

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

The guideline value for Sengundram Sri Senthil Velavan Nagar Part-II has undergone several revisions over the years. In 2007, the guideline value was set at Rs 600 per sq.ft. This increased to Rs 650 per sq.ft in 2012, marking an increase of 8%. However, the value then decreased to Rs 435 per sq.ft in 2017, representing a significant drop of 33%. The following revision in 2023 saw a substantial increase to Rs 650 per sq.ft, and the latest revision in 2024 raised it further to Rs 715 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 19%. It is important to note that the register does not provide 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 guideline value for these streets is Rs 440 per sq.ft, placing Sengundram Sri Senthil Velavan Nagar Part-II above this median at Rs 715 per sq.ft.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 715 per sq.ft, the total guideline value would be Rs 7,15,000. The stamp duty at 7% would amount to Rs 50,050, and the registration fee at 2% would be Rs 14,300. Together, the total cost for these fees would be Rs 64,350. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

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

The Sengundram Sri Senthil Velavan Nagar Part-II falls under 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 plays a crucial role in the registration process of property transactions in Sothupakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions, reflecting the current market conditions.

Frequently asked questions

What is the current guideline value for Sengundram Sri Senthil Velavan Nagar Part-II?

The current guideline value for Sengundram Sri Senthil Velavan Nagar Part-II is Rs 715 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 715 per sq.ft in 2024, with various increases and decreases in between, including a drop to Rs 435 per sq.ft in 2017 and a rise to Rs 650 per sq.ft in 2023.

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

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

Where can I find the Redhills Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 64,350.