Guideline Value for Senthil Garden

Senthil Garden guideline value

The current guideline value of Senthil Garden in Puzhal village is Rs 1,100 per sq.ft, effective from 1 July 2024. This property falls under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Senthil Garden has changed

The guideline value of Senthil Garden has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased by 167% to Rs 800 per sq.ft in 2012. However, it then decreased by 33% to Rs 536 per sq.ft in 2017. Following that, the value rose significantly by 87% to Rs 1,000 per sq.ft in 2023, and most recently, it increased by 10% to Rs 1,100 per sq.ft in 2024. The register has no figure for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 267%. Each revision reflects changes in the local real estate landscape, with the most substantial growth occurring between 2012 and 2017 and again from 2023 to 2024.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, placing Senthil Garden's 2024 figure slightly below that median.

• Sindhu Indhuja Nagar: Rs 1,100 per sq.ft (2024)
• Sivanthi Aadithan Nagar: Rs 1,102 per sq.ft (2024)
• Sivaraj 1st Street: Rs 1,650 per sq.ft (2024)
• Sivaraj 2nd Lane: Rs 1,650 per sq.ft (2024)
• Sivaraj 2nd Street: Rs 1,650 per sq.ft (2024)
• Sivaraj 3rd Lane: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Garden?

The Sub Registrar Office that covers Senthil Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Senthil Garden?

The current guideline value of Senthil Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the classification of land in Senthil Garden?

Senthil Garden is classified as Residential Class II Type - I, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for Senthil Garden?

The Sub Registrar Office for Senthil Garden is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for property in Senthil Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 77,000.