Guideline Value for Senthil Andavar Street

Senthil Andavar Street guideline value

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

How the guideline value of Senthil Andavar Street has changed

Since the year 2002, the guideline value for Senthil Andavar Street has undergone several revisions. The 2002 revision recorded a value of Rs 330 per sq.ft, which increased to Rs 376 per sq.ft in 2003, marking a change of +14%. The value then saw a significant rise of +139% to reach Rs 900 per sq.ft in 2007. Following this, the 2012 revision maintained the value at Rs 3,500 per sq.ft, which was a decrease of -33% from the previous figure. The 2017 revision set the value at Rs 2,345 per sq.ft, reflecting a +49% increase from 2012. The most recent revisions include Rs 3,500 per sq.ft in 2023, which then increased to the current value of Rs 3,900 per sq.ft in 2024, a change of +11%.

Overall, from 2002 to 2024, the guideline value has increased by +1082%. There are no figures available for the revisions in years other than those mentioned.

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. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value of Senthil Andavar Street.

• Senthil Andavar Nagar: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000. Together, the total cost for stamp duty and registration fee would be Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Andavar Street?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that both the buyer and seller adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Senthil Andavar Street?

The current guideline value of Senthil Andavar Street 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 from Rs 330 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of +1082% over the years.

What are the stamp duty and registration fees for properties on Senthil Andavar Street?

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 office handles the registration for Senthil Andavar Street?

The Alandur Sub Registrar Office handles the registration for Senthil Andavar Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value for streets in Adambakkam?

The median guideline value for streets in Adambakkam is Rs 3,900 per sq.ft, which is the same as the current guideline value of Senthil Andavar Street.