Guideline Value for Senthil Nagar, Ponniammanmedu (Ward-21)

Senthil Nagar, Ponniammanmedu (Ward-21) guideline value

The current guideline value of Senthil Nagar, Ponniammanmedu (Ward-21) is Rs 1,300 per sq.ft, effective from 1 July 2024. This area falls under Madhavaram village and is classified as Residential Class III Type - I. The Madhavaram Sub Registrar Office (SRO) oversees the registration in this locality.

How the guideline value of Senthil Nagar, Ponniammanmedu (Ward-21) has changed

The guideline value for Senthil Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 804 per sq.ft. This was updated to Rs 1,300 per sq.ft in the 2024 revision, marking a change of +62% from the previous figure.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions with figures are from 2017 and 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Senthil Nagar's 2024 figure below this median.

• Senthil Nagar (Ward No.21): Rs 1,300 per sq.ft (2024)
• Senthil Avenue (Ward No.21): Rs 1,300 per sq.ft (2024)
• Shabeer Avenue (Ponniamman Medu): Rs 1,300 per sq.ft (2024)
• Senthil Avenue, Ponniammanmedu (Ward-21): Rs 1,300 per sq.ft (2024)
• Shankaralingam Street: Rs 1,300 per sq.ft (2024)
• Shankar Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar, Ponniammanmedu (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar, Ponniammanmedu (Ward-21)?

The Madhavaram Sub Registrar Office covers Senthil Nagar, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When a buyer or seller approaches the Sub Registrar Office, the guideline value will be used to calculate the necessary fees, ensuring that the transaction adheres to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Senthil Nagar, Ponniammanmedu (Ward-21)?

The current guideline value of Senthil Nagar, Ponniammanmedu (Ward-21) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2017 to 2024?

The guideline value changed from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, reflecting an increase of +62%.

Are there any revisions for Senthil Nagar in the years 2023, 2012, 2007, 2003, or 2002?

The register has no figures for Senthil Nagar for the revisions in 2023, 2012, 2007, 2003, or 2002.

What is the registration office for Senthil Nagar, Ponniammanmedu (Ward-21)?

The registration office for Senthil Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 13,00,000 would incur a stamp duty of Rs 91,000 at 7%.