Guideline Value

Corporate

Guideline Value for Senthil Velan Nagar

₹440/sq.ft.

The guideline value for Senthil Velan Nagar in Sothupakkam village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sothupakkam

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹22 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Senthil Velan Nagar

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Senthil Velan Nagar guideline value

The current guideline value of Senthil Velan Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This locality is situated in Sothupakkam village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Senthil Velan Nagar has changed

The guideline value for Senthil Velan Nagar has undergone several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 22 per sq.ft. This increased significantly to Rs 200 per sq.ft in 2007, marking an increase of 809%. In 2012, the value rose to Rs 400 per sq.ft, reflecting a 100% increase from the previous revision. However, in 2017, the value decreased to Rs 268 per sq.ft, a drop of 33%. The value then saw a substantial increase to Rs 400 per sq.ft in 2023, and most recently, it has been revised to Rs 440 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1900%. The register does not contain figures for the year 2002 for this street.

Guideline values in Sothupakkam

In Sothupakkam, there are 49 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 330 to Rs 1,150 per sq.ft. The median value is Rs 440 per sq.ft, making the guideline value of Senthil Velan Nagar equal to this median.

Stamp duty and registration fee for property in Senthil Velan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total charges Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Senthil Velan Nagar?

The Sub Registrar Office that covers Senthil Velan Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Sothupakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. When buying or selling property, the guideline value serves as a reference point for both parties involved in the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This value is updated periodically, reflecting changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Senthil Velan Nagar?

The current guideline value of Senthil Velan Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 22 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, with various revisions in between, including a peak of Rs 400 per sq.ft in 2023.

What is the land classification of Senthil Velan Nagar?

Senthil Velan Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where can I find the Redhills Sub Registrar Office?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated in Senthil Velan Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,40,000 would incur a stamp duty of Rs 30,800.