Guideline Value for Senthamil Nagar

Senthamil Nagar guideline value

The current guideline value of Senthamil Nagar is Rs 350 per sq.ft, effective from 1 July 2024. This locality is situated in Vadamelpakkam village under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Senthamil Nagar has changed

Over the years, the guideline value for Senthamil Nagar has seen several revisions. The 2007 revision set the value at Rs 260 per sq.ft, which increased to Rs 350 per sq.ft in 2012. However, this figure remained unchanged until the 2017 revision, which increased the value to Rs 234 per sq.ft, marking a decrease of 33% from the previous revision. The 2023 revision maintained the value at Rs 350 per sq.ft, and the 2024 revision also holds this figure, indicating no change from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 35%.

Guideline values in Vadamelpakkam

In Vadamelpakkam, there are 19 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 350 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, making Senthamil Nagar's 2024 figure equal to that median.

• Sri Sai Nagar: Rs 350 per sq.ft (2024)
• Star City: Rs 350 per sq.ft (2024)
• Paradise City Extension: Rs 1,000 per sq.ft (2024)
• Paradise City: Rs 1,000 per sq.ft (2024)
• Vasantham Nagar: Rs 350 per sq.ft (2024)
• Mavsorva Garden: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Senthamil Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. 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 information.

Which Sub Registrar Office covers Senthamil Nagar?

Senthamil Nagar falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Vadamelpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Senthamil Nagar?

The current guideline value of Senthamil Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent changes being a stable Rs 350 per sq.ft from 2023 to 2024, and a decrease to Rs 234 per sq.ft in 2017 from Rs 350 in 2012.

What is the median guideline value for Vadamelpakkam?

The median guideline value for Vadamelpakkam is Rs 350 per sq.ft, which is the same as the current value for Senthamil Nagar.

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

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500.

Where can I find the Sub Registrar Office for Senthamil Nagar?

The Gooduvancheri Sub Registrar Office covers Senthamil Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.