Guideline Value for Senthil Avenue

Senthil Avenue guideline value

The current guideline value of Senthil Avenue is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Gowrivakkam village under the Selaiyur SRO, classified as Residential Class III Type - I.

How the guideline value of Senthil Avenue has changed

Over the years, the guideline value of Senthil Avenue has seen several revisions. The 2007 revision set the value at Rs 600 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, there was a decrease to Rs 469 per sq.ft in the 2017 revision. The 2023 revision brought it back up to Rs 700 per sq.ft, and the most recent 2024 revision has set the value at Rs 880 per sq.ft, marking a significant increase of 26% from the previous year.

In summary, from 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been an increase of 47%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 840 to Rs 3,750 per sq.ft, with a median value of Rs 2,200 per sq.ft. Senthil Avenue's 2024 figure of Rs 880 per sq.ft is below this median.

• Seethalakshmi Street: Rs 880 per sq.ft (2024)
• Seethalakshmi Cross Street: Rs 880 per sq.ft (2024)
• Shesharam Street: Rs 880 per sq.ft (2024)
• Sivagami Nagar: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar 1st Cross Street: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar 1st Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Avenue?

Senthil Avenue falls under the jurisdiction of the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Gowrivakkam, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded according to the official valuation.

The guideline value is essential for both buyers and sellers, as it helps in understanding the legal obligations regarding property transactions. It is advisable to refer to the latest guideline values to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Senthil Avenue?

The current guideline value of Senthil Avenue is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 47% over the years.

What are the stamp duty and registration fees for property in Senthil Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,80,000, with stamp duty at 7% amounting to Rs 61,600 and a registration fee at 2% of Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers Senthil Avenue?

Senthil Avenue is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of Senthil Avenue?

Senthil Avenue is classified as Residential Class III Type - I, which is important for understanding the permissible uses of the land.