Guideline Value for Senthamizh Nagar

Senthamizh Nagar guideline value

The current guideline value of Senthamizh Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is situated in Mangadu -A, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Senthamizh Nagar has changed

The guideline value for Senthamizh Nagar has seen significant revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision. The latest revision in 2024 has further raised the guideline value to Rs 2,200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. Overall, from 2017 to 2024, the increase amounts to 64%.

Guideline values in Mangadu -A

Within Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing Senthamizh Nagar's 2024 figure above this median.

• Senthamizh Nagar Phase III: Rs 2,200 per sq.ft (2024)
• Senthurpuram: Rs 1,830 per sq.ft (2024)
• Selvaganapathy Nagar: Rs 1,980 per sq.ft (2024)
• Shanmuganandha koil Street: Rs 2,200 per sq.ft (2024)
• Seetharamapuram: Rs 1,760 per sq.ft (2024)
• Shanthi Nagar Bathrimedu: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Senthamizh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, these fees would total Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthamizh Nagar?

The Sub Registrar Office that covers Senthamizh Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role in property transactions within Mangadu -A. When buying or selling property, the guideline value is utilized to determine the applicable stamp duty and registration fees. This ensures that all transactions are recorded accurately and in compliance with local regulations.

Furthermore, the guideline value helps in establishing a baseline for property pricing in the area. It is essential for buyers and sellers to be aware of the current guideline value to make informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Senthamizh Nagar?

The current guideline value of Senthamizh Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the registration fees for property transactions in Senthamizh Nagar?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Senthamizh Nagar?

The Kunrathur Sub Registrar Office is responsible for property registrations in Senthamizh Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value for streets in Mangadu -A?

The median guideline value for the 208 streets in Mangadu -A is Rs 1,870 per sq.ft, with Senthamizh Nagar's current value being above this median.