Guideline Value for Senthil Nagar

Senthil Nagar guideline value

The current guideline value of Senthil Nagar is Rs 2,000 per sq.ft, as per the 2023 revision. This area falls under Vandalur village and is governed by the Gooduvancheri SRO. The land classification for Senthil Nagar is Mixed Special Type - I.

How the guideline value of Senthil Nagar has changed

Over the years, the guideline value for Senthil Nagar has seen several revisions. The 2012 revision set the guideline value at Rs 2,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision recorded a decrease to Rs 1,340 per sq.ft, marking a decline of 33% from the previous figure. The most recent change from 2017 to 2023 saw an increase of 49%, bringing the value back up to Rs 2,000 per sq.ft.

Overall, comparing the figures from 2012 to 2023, there has been no change in the guideline value, remaining at Rs 2,000 per sq.ft. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vandalur

Senthil Nagar is part of the Vandalur area, which is under the jurisdiction of the Gooduvancheri SRO. However, there are no specific village figures available for this locality. There are also no other streets in Vandalur provided in the current information.

Stamp duty and registration fee for property in Senthil Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total cost for these fees to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the 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 information.

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

The guideline value is a crucial factor when buying or selling property in Vandalur, as it determines the minimum price at which the property can be registered. This value is used by the registration office to calculate the applicable stamp duty and registration fees, ensuring that transactions are conducted fairly and transparently.

When engaging in a property transaction, both buyers and sellers must be aware of the guideline value to understand the financial implications of the sale. The registration process requires adherence to these values, which helps maintain a standardized approach to property dealings in the area.

Frequently asked questions

What is the current guideline value of Senthil Nagar?

The current guideline value of Senthil Nagar is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then back to Rs 2,000 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What is the land classification for Senthil Nagar?

The land classification for Senthil Nagar is Mixed Special Type - I.

What are the stamp duty and registration fees for property in Senthil Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,80,000.

Which Sub Registrar Office covers Senthil Nagar?

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