Guideline Value for Senthil Avenue, Ponniammanmedu (Ward-21)

Senthil Avenue, Ponniammanmedu (Ward-21) guideline value

The current guideline value of Senthil Avenue, Ponniammanmedu (Ward-21) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Senthil Avenue, Ponniammanmedu (Ward-21) has changed

The guideline value for Senthil Avenue has undergone several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft. The most recent revision in 2024 increased this to Rs 1,300 per sq.ft, marking a significant increase of 62% from the 2017 figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street. Therefore, the only revisions noted are from 2017 to 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing Senthil Avenue's 2024 figure below that median.

• Senthil Avenue (Ward No.21): Rs 1,300 per sq.ft (2024)
• Senthil Nagar, Ponniammanmedu (Ward-21): Rs 1,300 per sq.ft (2024)
• Senthil Nagar (Ward No.21): Rs 1,300 per sq.ft (2024)
• Selvan Avenue: Rs 2,500 per sq.ft (2024)
• Shabeer Avenue (Ponniamman Medu): Rs 1,300 per sq.ft (2024)
• Selvam Nagar (Ward No.25): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Avenue, Ponniammanmedu (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Senthil Avenue, Ponniammanmedu (Ward-21)?

The Sub Registrar Office covering Senthil Avenue, Ponniammanmedu (Ward-21) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer and seller must consider the guideline value to ensure that the correct fees are calculated. This value helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Senthil Avenue, Ponniammanmedu (Ward-21)?

The current guideline value of Senthil Avenue, Ponniammanmedu (Ward-21) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,300 per sq.ft in 2024, which is a change of 62%.

What is the land classification for Senthil Avenue?

The land classification for Senthil Avenue, Ponniammanmedu (Ward-21) is Residential Class III Type - I.

What is the stamp duty for a property in Senthil Avenue?

The stamp duty for a property in Senthil Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Senthil Avenue located?

The Sub Registrar Office for Senthil Avenue is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.