Guideline Value for Senthil Nagar

Senthil Nagar guideline value

The current guideline value of Senthil Nagar, located in Kuthanoor village under the Gooduvancheri SRO, is Rs 800 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - III land classification.

How the guideline value of Senthil Nagar has changed

The guideline value for Senthil Nagar has seen several revisions over the years. In 2007, the value was Rs 160 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 536 per sq.ft. The value then increased by 49% to Rs 800 per sq.ft in 2023, and it has remained unchanged at Rs 800 per sq.ft in the 2024 revision.

It is important to note that the guideline value register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Kuthanoor

Kuthanoor village has 30 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 800 per sq.ft, which is equal to the current guideline value of Senthil Nagar.

• Senthil Nagar Extn: Rs 800 per sq.ft (2024)
• Sarvamangala Nagar: Rs 550 per sq.ft (2024)
• Saradhambal Nagar: Rs 550 per sq.ft (2024)
• Sri Devi Karumariamman Nagar: Rs 550 per sq.ft (2024)
• Sri Devi Karumariamman Nagar-II: Rs 550 per sq.ft (2024)
• Sri Karumari Amman Nagar: Rs 1,800 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 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Kuthanoor. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers should be aware that the guideline value influences the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value ensures that the transaction is documented at a fair price, which helps in maintaining transparency in property dealings. It is essential for both parties to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Senthil Nagar?

The current guideline value of Senthil Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 800 per sq.ft. Notably, it increased from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023.

What is the land classification for Senthil Nagar?

Senthil Nagar is classified as Residential Special Type - III, which indicates its designated use for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For example, on a property valued at Rs 8,00,000, the total fees would be Rs 72,000.

Which Sub Registrar Office covers Senthil Nagar?

The Gooduvancheri Sub Registrar Office covers Senthil Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.