Guideline Value for Senthil Nagar

Senthil Nagar guideline value

The current guideline value of Senthil Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Senthil Nagar has changed

The guideline value for Senthil Nagar has seen several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 200 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, in 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 1,000 per sq.ft, reflecting no change between these two years.

In summary, the guideline value has evolved from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, representing an overall increase of 400% over the years. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Adhanoor

Adhanoor village has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value across these streets is Rs 1,000 per sq.ft, which is equal to the current value of Senthil Nagar.

• Selva Vinayagar Nagar: Rs 1,000 per sq.ft (2024)
• Shalini Nagar: Rs 1,000 per sq.ft (2024)
• Shanmuga Nagar: Rs 1,250 per sq.ft (2024)
• Shri Pangajapuram: Rs 1,000 per sq.ft (2024)
• Shri Ram Nagar Part-I,II: Rs 1,000 per sq.ft (2024)
• Sathya Sai Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost for these charges Rs 90,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Nagar?

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

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

The guideline value is a critical factor in property transactions as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value serves as a benchmark for the transaction. It is essential to note that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Senthil Nagar?

The current guideline value of Senthil Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, with various revisions in between, including a drop to Rs 670 per sq.ft in 2017.

What is the land classification for Senthil Nagar?

The land classification for Senthil Nagar is Residential Special Type - I, indicating its suitability for residential development.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated in Senthil Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at a rate of 7%.