Guideline Value for Senthil Nagar Extn

Senthil Nagar Extn guideline value

The current guideline value of Senthil Nagar Extn is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class II Type - I.

How the guideline value of Senthil Nagar Extn has changed

In the 2023 revision, the guideline value was Rs 2,000 per sq.ft. The most recent revision in 2024 has increased this value to Rs 2,200 per sq.ft, marking a change of +10%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only available revisions for Senthil Nagar Extn are from 2023 and 2024, with the value rising from Rs 2,000 to Rs 2,200 per sq.ft. This change reflects the current valuation of the property in this area.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for this village is Rs 2,750 per sq.ft, indicating that Senthil Nagar Extn's 2024 figure is below this median.

• Senthil Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Sethupathy Nagar: Rs 2,200 per sq.ft (2024)
• Sethupathy Nagar, Bank of Baroda Colony: Rs 2,200 per sq.ft (2024)
• Senthil Nagar: Rs 2,200 per sq.ft (2024)
• Sethupathy Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Senkeniamman Koil Street: Rs 2,750 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, 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 Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role in the registration process when buying or selling property in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Senthil Nagar Extn?

The current guideline value of Senthil Nagar Extn is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Senthil Nagar Extn was Rs 2,000 per sq.ft in 2023 and has increased to Rs 2,200 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Madipakkam-1?

The median guideline value in Madipakkam-1 is Rs 2,750 per sq.ft. Senthil Nagar Extn's 2024 figure is below this median.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are based on the higher of the guideline value and the sale price.

Which office handles registrations for Senthil Nagar Extn?

The Velacheri Sub Registrar Office handles registrations for Senthil Nagar Extn, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.