Guideline Value for Senthil Nagar

Senthil Nagar guideline value

The current guideline value of Senthil Nagar is Rs 800 per sq.ft, as per the 2023 revision. This area falls under Vengadamangalam village and is governed by the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Senthil Nagar has changed

Over the years, the guideline value of Senthil Nagar has seen several revisions. The 2007 revision set the rate at Rs 320 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 150% rise. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, a decline of 33%. The most recent 2023 revision brought the guideline value back up to Rs 800 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 150%. It is important to note that the register does not contain figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures provided for Vengadamangalam. Senthil Nagar is one of the streets under the jurisdiction of the Gooduvancheri SRO.

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 guideline value or the sale price, whichever is higher. For more information, 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 details.

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

The guideline value is a crucial factor when buying or selling property in Vengadamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties.

When registering a property, the guideline value helps ensure that the government receives the correct amount of revenue from property transactions. It is essential for both buyers and sellers to understand how these values impact their financial obligations during property transfers.

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, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 320 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and finally returned to Rs 800 per sq.ft in 2023.

What is the land classification for Senthil Nagar?

Senthil Nagar is classified as Residential Special Type - II.

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 are stamp duty and registration fees calculated in Senthil Nagar?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 8,00,000, leading to specific fees based on that value.