Guideline Value for SENTHAMIZHIL STREET

Senthamizhil Street guideline value

The current guideline value of Senthamizhil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Jelandianpettai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Senthamizhil Street has changed

The guideline value for Senthamizhil Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase of 10% from the 2023 revision of Rs 2,000 per sq.ft. Prior to that, in 2017, the value was Rs 1,340 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also had a value of Rs 2,000 per sq.ft, which was a decrease of 33% from the 2017 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for Senthamizhil Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen an increase of 10%.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current value of Senthamizhil Street.

• Selva Vinayagar Koil Street: Rs 2,200 per sq.ft (2024)
• Sevaliyar Sivaji Street: Rs 1,870 per sq.ft (2024)
• Sathyamurthy Nagar: Rs 2,200 per sq.ft (2024)
• Sasthiri Street: Rs 1,650 per sq.ft (2024)
• Sarojani Garden: Rs 1,870 per sq.ft (2024)
• Saravanan Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Senthamizhil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. It is important to note that 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 Senthamizhil Street?

The Sub Registrar Office that covers Senthamizhil Street is the Chennai South Joint I 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Jelandianpettai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the transaction is registered at a value that reflects the current market conditions as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Senthamizhil Street?

The current guideline value of Senthamizhil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, with various revisions in between, including Rs 2,000 per sq.ft in 2023 and 2012.

What is the land classification of Senthamizhil Street?

Senthamizhil Street is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for Senthamizhil Street?

The Sub Registrar Office for Senthamizhil Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Jelandianpettai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 22,00,000, the stamp duty would be calculated accordingly.