Guideline Value for SENTHIL NAGAR 2ND STREET

Senthil Nagar 2nd Street guideline value

The current guideline value of Senthil Nagar 2nd Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Senthil Nagar 2nd Street has changed

The guideline value of Senthil Nagar 2nd Street has undergone several revisions since 2002. In 2002, the guideline value was Rs 601 per sq.ft, which increased to Rs 660 per sq.ft in 2003, marking a 10% increase. The value saw a significant jump to Rs 3,100 per sq.ft in 2007, representing a 370% increase. The next revision occurred in 2012, where the value rose to Rs 8,000 per sq.ft, a remarkable 158% increase from the previous figure.

The most recent revision in 2024 set the guideline value at Rs 8,800 per sq.ft, which is a 10% increase from the 2012 figure. Overall, from 2002 to 2024, the guideline value has increased by 1364%. The register has no figures for the years 2017 and 2023 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry 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. The guideline value of Senthil Nagar 2nd Street is above this median.

• Senthil Nagar 1st Street: Rs 11,000 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, making the total Rs 7,92,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar 2nd Street?

The Sub Registrar Office that covers Senthil Nagar 2nd 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 registration of property transactions in Puliyur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the state government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a fair price for the transaction. It protects both buyers and sellers by providing a standard reference point for property valuation, which is essential for a transparent real estate market.

Frequently asked questions

What is the current guideline value of Senthil Nagar 2nd Street?

The current guideline value of Senthil Nagar 2nd Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 601 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 1364% over the years.

What are the stamp duty rates for property in Senthil Nagar 2nd Street?

The stamp duty rate for property transactions in Senthil Nagar 2nd Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Senthil Nagar 2nd Street?

The Kodambakkam Sub Registrar Office handles property registrations for Senthil Nagar 2nd Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

Are there other streets in Puliyur with 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, with the median value being Rs 5,800 per sq.ft.