Guideline Value for Senthil Nagar/Ramzan Street

Senthil Nagar/Ramzan Street guideline value

The current guideline value for Senthil Nagar/Ramzan Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class II Type - II.

How the guideline value of Senthil Nagar/Ramzan Street has changed

In the 2017 revision, the guideline value for Senthil Nagar/Ramzan Street was Rs 1,206 per sq.ft. This figure increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current 2024 revision shows a further increase to Rs 1,980 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as per the 2024 revision. The median guideline value in Pammal is Rs 2,090 per sq.ft, placing Senthil Nagar/Ramzan Street's 2024 figure below this median.

• Sengtuavan Street /Thiruvallur Nagar: Rs 2,475 per sq.ft (2024)
• Sengtuavan Street / Muthamazhi Nagar: Rs 2,475 per sq.ft (2024)
• Shakulahmed Street / Lord Srinivasa Colony: Rs 1,980 per sq.ft (2024)
• Shamugapriya Street, V.O.C Nagar: Rs 1,980 per sq.ft (2024)
• Shankaravidayala Colony: Rs 1,760 per sq.ft (2024)
• Shankar Nagar 10th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar/Ramzan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total fees Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Senthil Nagar/Ramzan Street?

The Sub Registrar Office that covers Senthil Nagar/Ramzan Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees payable, ensuring that these charges are based on the official valuation of the property.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with local regulations. This value helps in establishing a fair price for the transaction, as it reflects the government's assessment of property values in the area.

Frequently asked questions

What is the current guideline value of Senthil Nagar/Ramzan Street?

The current guideline value of Senthil Nagar/Ramzan Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64%.

What are the registration fees for property in Senthil Nagar/Ramzan Street?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office handles properties in Senthil Nagar/Ramzan Street?

The Pammal Sub Registrar Office handles properties in Senthil Nagar/Ramzan Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Senthil Nagar/Ramzan Street?

Senthil Nagar/Ramzan Street is classified as Residential Class II Type - II, indicating its designated use for residential purposes.