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Guideline Value

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Guideline Value for SENTHAMIZH NAGAR MAIN AND CROSS STREETS

₹660/sq.ft.

The guideline value for Senthamizh Nagar Main And Cross Streets in Koladi village (Chennai South Joint Ii SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koladi

Village

Chennai South Joint II

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Senthamizh Nagar Main And Cross Streets

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Senthamizh Nagar Main And Cross Streets guideline value

The current guideline value for Senthamizh Nagar Main And Cross Streets is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Koladi village and falls under the Chennai South Joint II SRO, classified as Residential Class II Type - III.

How the guideline value of Senthamizh Nagar Main And Cross Streets has changed

The guideline value for Senthamizh Nagar Main And Cross Streets has seen several revisions over the years. The earliest available figure is from 2012, set at Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017, before rising again to Rs 600 per sq.ft in 2023. The latest revision in 2024 has increased the value to Rs 660 per sq.ft.

In terms of changes, the value increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Koladi

In Koladi village, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Senthamizh Nagar Main And Cross Streets below this median.

Stamp duty and registration fee for property in Senthamizh Nagar Main And Cross Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total charges to Rs 59,400. 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 details.

Which Sub Registrar Office covers Senthamizh Nagar Main And Cross Streets?

The Sub Registrar Office that covers Senthamizh Nagar Main And Cross Streets is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Koladi. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When a buyer purchases property, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the duty is charged on the sale price instead. This ensures that the registration reflects the true market conditions of the property.

Frequently asked questions

What is the current guideline value for Senthamizh Nagar Main And Cross Streets?

The current guideline value for Senthamizh Nagar Main And Cross Streets is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Senthamizh Nagar Main And Cross Streets?

Senthamizh Nagar Main And Cross Streets is classified as Residential Class II Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Senthamizh Nagar Main And Cross Streets is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 660 per sq.ft, the total charges would be Rs 59,400.