Guideline Value for Senthi Nagar

Senthi Nagar guideline value

The current guideline value of Senthi Nagar is Rs 2,000 per sq.ft, as per the 2023 revision. This area falls under Vandalur village and is governed by the Gooduvancheri SRO. The land classification for Senthi Nagar is Mixed Special Type - I.

How the guideline value of Senthi Nagar has changed

The guideline value of Senthi Nagar has undergone several revisions over the years. In 2007, the guideline value was set at Rs 550 per sq.ft. This figure saw a significant increase in 2012, where it rose to Rs 2,000 per sq.ft, marking an increase of 264%. However, in 2017, the value dropped to Rs 1,340 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 2,000 per sq.ft, resulting in an increase of 49% from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 264%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Senthi Nagar is part of Vandalur, which is under the jurisdiction of the Gooduvancheri SRO. Currently, there are no specific guideline values listed for other streets in Vandalur.

Stamp duty and registration fee for property in Senthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, while the registration fee at 2% would be Rs 40,000. Together, the total cost for stamp duty and registration fee would be Rs 1,80,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthi Nagar?

The Sub Registrar Office that covers Senthi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vandalur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for legal property transactions.

When a buyer or seller approaches the registration office, the guideline value will determine the applicable fees. It is essential to be aware of the current guideline value to ensure compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Senthi Nagar?

The current guideline value of Senthi Nagar is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then dropped to Rs 1,340 per sq.ft in 2017, and returned to Rs 2,000 per sq.ft in 2023.

What is the land classification for Senthi Nagar?

The land classification for Senthi Nagar is Mixed Special Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone.

How is stamp duty calculated for property in Senthi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 20,00,000, leading to a stamp duty of Rs 1,40,000.