Guideline Value for Senthil Nagar

Senthil Nagar guideline value

The current guideline value of Senthil Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class II Type - I.

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 350 per sq.ft, which increased significantly to Rs 2,100 per sq.ft in 2012, marking a 500% rise. However, this value then decreased to Rs 1,407 per sq.ft in 2017, a drop of 33%. The value climbed again to Rs 2,100 per sq.ft in 2023, and most recently to Rs 2,310 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the increase in the guideline value is 560%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

Within Perungalathur village, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, which is the same as the current guideline value for Senthil Nagar.

• Senthur Murugan Avenue: Rs 2,310 per sq.ft (2024)
• Seshadri Paradise: Rs 2,640 per sq.ft (2024)
• Selva Vinayakar Koli Street: Rs 2,640 per sq.ft (2024)
• Shansu Avenue: Rs 2,640 per sq.ft (2024)
• Selliyamman Koil Street: Rs 1,980 per sq.ft (2024)
• Shanthi Nagar: Rs 5,500 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 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200. Together, the total cost for stamp duty and registration would be Rs 2,07,900. 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 Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Senthil Nagar?

The current guideline value of Senthil Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, reflecting a total increase of 560% over the years.

What is the land classification of Senthil Nagar?

Senthil Nagar is classified as Residential Class II Type - I, indicating its designation for residential use.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Senthil Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 23,10,000, the stamp duty would be Rs 1,61,700 at a rate of 7%.