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Guideline Value

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Guideline Value for SENTHAMZHIL NAGAR 1ST CROSS STREET

₹1870/sq.ft.

The guideline value for Senthamzhil Nagar 1st Cross Street in Kolathuvancheri village (Chennai South Joint I SRO, Chennai zone) is Rs 1870 per sq.ft, effective 1 July 2024. It was Rs 1700 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

Kolathuvancheri

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1870 /sq.ft.
From 1-4-2023 ₹1700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1139 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1700 /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
044-29510536
[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 Senthamzhil Nagar 1st Cross Street

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Senthamzhil Nagar 1st Cross Street guideline value

The current guideline value of Senthamzhil Nagar 1st Cross Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Kolathuvancheri village, under the Chennai South Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Senthamzhil Nagar 1st Cross Street has changed

In the 2012 revision, the guideline value was Rs 1,700 per sq.ft. This figure remained the same until the 2017 revision, where it decreased to Rs 1,139 per sq.ft. The 2023 revision saw a significant increase to Rs 1,700 per sq.ft, followed by a further increase to Rs 1,870 per sq.ft in the 2024 revision.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 10%. Overall, from 2012 to 2024, the guideline value increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kolathuvancheri

Kolathuvancheri has 146 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 660 to Rs 4,600 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing the guideline value of Senthamzhil Nagar 1st Cross Street above this median.

Stamp duty and registration fee for property in Senthamzhil Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, while the registration fee at 2% would be Rs 37,400, bringing the total cost to Rs 1,68,300. 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 Senthamzhil Nagar 1st Cross Street?

The Sub Registrar Office that covers Senthamzhil Nagar 1st Cross 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 Kolathuvancheri

The guideline value plays a crucial role in the registration process of property transactions in Kolathuvancheri. It serves as the minimum value at which the property can be registered, ensuring that the transaction is documented at a value that reflects the local market conditions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction, based on the established rates set by the local authorities.

Frequently asked questions

What is the current guideline value of Senthamzhil Nagar 1st Cross Street?

The current guideline value of Senthamzhil Nagar 1st Cross Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 1,700 per sq.ft in 2012, decreased to Rs 1,139 per sq.ft in 2017, increased to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

What is the median guideline value in Kolathuvancheri?

The median guideline value for the 146 streets in Kolathuvancheri is Rs 1,650 per sq.ft. Senthamzhil Nagar 1st Cross Street's guideline value is above this median.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 18,70,000, the total stamp duty and registration fees would amount to Rs 1,68,300.

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

The Sub Registrar Office covering Senthamzhil Nagar 1st Cross 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.