Guideline Value for Senthil Nagar Extn

Senthil Nagar Extn guideline value

The current guideline value of Senthil Nagar Extn, located in Kuthanoor village under the Gooduvancheri SRO, is Rs 800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Senthil Nagar Extn has changed

Over the years, the guideline value of Senthil Nagar Extn has seen several revisions. The earliest recorded revision was in 2007, with a value of Rs 160 per sq.ft. This increased to Rs 800 per sq.ft in 2012, marking a significant rise of 400%. However, from 2012 to 2017, the value decreased to Rs 536 per sq.ft, a decline of 33%. The guideline value then rose again to Rs 800 per sq.ft in 2023, remaining unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kuthanoor

In Kuthanoor, there are 30 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 800 per sq.ft, making the guideline value of Senthil Nagar Extn equal to this median. Below are the guideline values for other streets in Kuthanoor:

• Senthil Nagar: Rs 800 per sq.ft (2024)
• Sarvamangala Nagar: Rs 550 per sq.ft (2024)
• Saradhambal Nagar: Rs 550 per sq.ft (2024)
• Sri Devi Karumariamman Nagar: Rs 550 per sq.ft (2024)
• Sri Devi Karumariamman Nagar-II: Rs 550 per sq.ft (2024)
• Sri Karumari Amman Nagar: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, while the registration fee at 2% would be Rs 16,000, resulting in a total of Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar Extn?

The Sub Registrar Office that covers Senthil Nagar Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kuthanoor. It serves as a benchmark for determining the minimum value at which property transactions can be registered. This ensures that the transaction is in compliance with local regulations and helps in calculating the applicable stamp duty and registration fees.

When a property is sold, the guideline value is used to assess the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Senthil Nagar Extn?

The current guideline value of Senthil Nagar Extn is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 800 per sq.ft. The value increased from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023.

What are the other streets in Kuthanoor and their guideline values?

Other streets in Kuthanoor include Senthil Nagar, Sarvamangala Nagar, Saradhambal Nagar, Sri Devi Karumariamman Nagar, Sri Devi Karumariamman Nagar-II, and Sri Karumari Amman Nagar, with guideline values ranging from Rs 550 to Rs 1,800 per sq.ft in 2024.

How is stamp duty calculated for properties in Senthil Nagar Extn?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at 7%.

Where can I find the Sub Registrar Office for Senthil Nagar Extn?

The Sub Registrar Office for Senthil Nagar Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.