Guideline Value for Senthil nagar

Senthil nagar guideline value

The current guideline value of Senthil nagar is Rs 1,960 per sq.ft, effective from 1 July 2024. This area is located in Nanmangalam village under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Senthil nagar has changed

The guideline value of Senthil nagar has seen several revisions over the years. In 2002, the value was Rs 44 per sq.ft, which increased to Rs 62 per sq.ft in 2003, marking a 41% rise. The value then jumped significantly to Rs 300 per sq.ft in 2007, reflecting a 384% increase. By 2012, the value remained at Rs 1,800 per sq.ft, a decrease of 500% from the previous revision. The next revision in 2017 saw the value rise to Rs 1,206 per sq.ft, which was a 49% increase from 2012. The most recent revision in 2023 set the value at Rs 1,800 per sq.ft, before it increased to Rs 1,960 per sq.ft in 2024, a 9% increase.

There are no figures available for the years not mentioned in the register for this street.

Guideline values in Nanmangalam

Nanmangalam village has a range of guideline values, with 139 streets under the Pallavaram SRO carrying a 2024 figure from Rs 1,960 to Rs 3,850 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, positioning Senthil nagar below this median.

• Selvaraj Nagar: Rs 2,750 per sq.ft (2024)
• Siddathatha Nagar 1 To 6 Streets: Rs 2,750 per sq.ft (2024)
• Siddhanathar Nagar: Rs 2,750 per sq.ft (2024)
• Sidharth Nagar: Rs 1,980 per sq.ft (2024)
• Sither Kudiirupu (Pazhndi Amman Koil St.): Rs 1,960 per sq.ft (2024)
• Sivanandam Street: Rs 2,750 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 1,960 per sq.ft, the total guideline value amounts to Rs 19,60,000. The stamp duty at 7% would be Rs 1,37,200, and the registration fee at 2% would be Rs 39,200, bringing the total cost for these fees to Rs 1,76,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the 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 Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration of property transactions in Nanmangalam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Senthil nagar?

The current guideline value of Senthil nagar is Rs 1,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 44 per sq.ft in 2002 to Rs 1,960 per sq.ft in 2024, showing an overall increase of 4,355% across the years.

What is the median guideline value in Nanmangalam?

The median guideline value for streets in Nanmangalam is Rs 2,750 per sq.ft, with Senthil nagar's value being below this median.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,76,400.

Where is the Sub Registrar Office for Senthil nagar located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.