Guideline Value for SENTHIL NAGAR 1ST STREET

Senthil Nagar 1st Street guideline value

The current guideline value of Senthil Nagar 1st Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO, classified as Commercial Special Type - I.

How the guideline value of Senthil Nagar 1st Street has changed

The guideline value of Senthil Nagar 1st Street has seen significant changes over the years. In 2002, the guideline value was Rs 601 per sq.ft, which increased to Rs 660 per sq.ft in 2003, marking a 10% rise. The value then surged dramatically to Rs 4,500 per sq.ft in 2007, reflecting a remarkable increase of 582%. Following this, the 2012 revision set the value at Rs 10,000 per sq.ft, which was a 122% increase from the previous figure. The most recent revision in 2024 has established the guideline value at Rs 11,000 per sq.ft, indicating a 10% increase from 2012.

It is important to note that there are no figures available for the revisions in 2017 and 2023 for Senthil Nagar 1st Street. Overall, from 2002 to 2024, the guideline value has increased by 1730%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. Senthil Nagar 1st Street's 2024 guideline value is above this median.

• Senthil Nagar 2nd Street: Rs 8,800 per sq.ft (2024)
• Senthil Nagar 3rd Street: Rs 11,000 per sq.ft (2024)
• Senthil Nagar 4th Street: Rs 5,800 per sq.ft (2024)
• Selva Vinayagar Koil Street: Rs 5,300 per sq.ft (2024)
• Shanmuganar Salai: Rs 6,300 per sq.ft (2024)
• Sharkhan Thottam: Rs 6,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, while the registration fee at 2% would be Rs 2,20,000, bringing the total fees to Rs 9,90,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For a detailed calculation, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Nagar 1st Street?

The Sub Registrar Office that covers Senthil Nagar 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Puliyur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value serves as a benchmark for the transaction value and ensures that the government receives the appropriate revenue from property transactions.

When registering a property, buyers and sellers must be aware that the guideline value may differ from the actual sale price. The stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives the correct amount of duty based on the property's value.

Frequently asked questions

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

The current guideline value of Senthil Nagar 1st Street is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 601 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, representing an overall increase of 1730%.

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

For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Which Sub Registrar Office covers Senthil Nagar 1st Street?

The Kodambakkam Sub Registrar Office covers Senthil Nagar 1st Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

Are there other streets in Puliyur with different guideline values?

Yes, there are several other streets in Puliyur with varying guideline values, ranging from Rs 3,300 to Rs 14,300 per sq.ft in 2024.