Guideline Value for Senthil Andavar Nagar

Senthil Andavar Nagar guideline value

The current guideline value of Senthil Andavar Nagar is Rs 3,900 per sq.ft, effective from 1 July 2024. This area is located in Adambakkam village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Senthil Andavar Nagar has changed

The guideline value for Senthil Andavar Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 900 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, it then dropped to Rs 2,345 per sq.ft in 2017, before rising again to Rs 3,500 per sq.ft in 2023. The most recent revision in 2024 has brought the guideline value to Rs 3,900 per sq.ft.

Notably, the changes between these revisions are significant. From 2007 to 2012, there was an increase of 289%, followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally increased by 11% from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 333%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft, with a median value of Rs 3,900 per sq.ft. Senthil Andavar Nagar's 2024 value is equal to this median.

• Senthil Andavar Street: Rs 3,900 per sq.ft (2024)
• School Lane (Near Karuneegar street): Rs 3,900 per sq.ft (2024)
• Sitco Nagar: Rs 3,900 per sq.ft (2024)
• Sivaji Nagar: Rs 3,900 per sq.ft (2024)
• Saraswathi Street: Rs 3,900 per sq.ft (2024)
• Saraswathi Nagar: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Andavar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value amounts to Rs 39,00,000. The stamp duty is charged at 7%, resulting in Rs 2,73,000, while the registration fee at 2% amounts to Rs 78,000. Together, the total cost for these fees would be Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Andavar Nagar?

The Sub Registrar Office that covers Senthil Andavar Nagar is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Adambakkam. It is used to determine the stamp duty and registration fees that must be paid during the property transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both buyers and sellers. It provides a transparent basis for taxation and helps in maintaining a regulated property market.

Frequently asked questions

What is the current guideline value of Senthil Andavar Nagar?

The current guideline value of Senthil Andavar Nagar is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 900 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, showing an overall increase of 333% over the years.

What are the stamp duty and registration fees for a property in Senthil Andavar Nagar?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office covers Senthil Andavar Nagar?

The Alandur Sub Registrar Office covers Senthil Andavar Nagar, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Senthil Andavar Nagar?

Senthil Andavar Nagar is classified as Residential Class I Type - III, indicating its suitability for residential development.