Guideline Value for Senthil Nagar Extn

Senthil Nagar Extn guideline value

The current guideline value of Senthil Nagar Extn is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Varadarajapuram village and falls under the Padappai SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Senthil Nagar Extn has changed

The guideline value for Senthil Nagar Extn has undergone several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which changed to Rs 1,005 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,500 per sq.ft. The latest revision in 2024 set the guideline value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, which is equal to the guideline value of Senthil Nagar Extn.

• Senthil Nagar Extension: Rs 1,650 per sq.ft (2024)
• Senthil Nagar @ Shri Lakshmi Narashimhar Avenue: Rs 1,320 per sq.ft (2024)
• Serasa Destiny Phase-I: Rs 2,860 per sq.ft (2024)
• Serasa Destiny Phase-II: Rs 2,860 per sq.ft (2024)
• Serasa Fortune: Rs 2,420 per sq.ft (2024)
• Serasa Furtune Phase-II: Rs 2,860 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 rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Together, these fees total Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Nagar Extn?

The Sub Registrar Office that covers Senthil Nagar Extn is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

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

When you go to register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from 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 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the other streets in Varadarajapuram?

Other streets in Varadarajapuram include Senthil Nagar @ Shri Lakshmi Narashimhar Avenue, Serasa Destiny Phase-I, Serasa Destiny Phase-II, Serasa Fortune, and Serasa Furtune Phase-II, each with their respective guideline values.

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

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500 based on the guideline value.

Which Sub Registrar Office covers Senthil Nagar Extn?

The Padappai Sub Registrar Office covers Senthil Nagar Extn, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.