Guideline Value for Senthil Nagar

Senthil Nagar guideline value

The current guideline value of Senthil Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area is located in Urapakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Senthil Nagar has changed

The guideline value for Senthil Nagar has undergone several revisions over the years. In 2007, the guideline value was set at Rs 750 per sq.ft. This increased to Rs 1,500 per sq.ft in 2012, marking a 100% rise. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, which was a decrease of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 1,500 per sq.ft, reflecting an increase of 49% from the previous figure.

Overall, from 2007 to 2023, the guideline value has increased by 100%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. Senthil Nagar is one of the streets under the jurisdiction of the Gooduvancheri SRO. Unfortunately, there are no other streets in Urapakkam listed with guideline values.

Stamp duty and registration fee for property in Senthil Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

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 further assistance.

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

The guideline value plays a crucial role during the registration process when buying or selling properties in Urapakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that these costs are based on a standardized valuation.

When a property is sold, the buyer and seller must refer to the current guideline value to calculate the applicable fees. This ensures transparency in the transaction and helps maintain consistency in property valuations across the region.

Frequently asked questions

What is the current guideline value of Senthil Nagar?

The current guideline value of Senthil Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the land classification for Senthil Nagar?

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

Where is the Gooduvancheri Sub Registrar Office located?

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

How is stamp duty calculated for properties in Senthil Nagar?

Stamp duty for properties in Senthil Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 at a rate of 7%.