Guideline Value for SENTHIL NAGAR 3RD STREET

Senthil Nagar 3rd Street guideline value

The current guideline value of Senthil Nagar 3rd 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. The land classification for this area is Commercial Special Type - I.

How the guideline value of Senthil Nagar 3rd Street has changed

The guideline value for Senthil Nagar 3rd Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 601 per sq.ft. This increased to Rs 660 per sq.ft in 2003, marking a change of 10%. The value then saw a significant rise to Rs 4,500 per sq.ft in 2007, which was an increase of 582%. In the 2012 revision, the value further increased to Rs 10,000 per sq.ft, reflecting a 122% change from the previous figure. The most recent revision in 2024 set the guideline value at Rs 11,000 per sq.ft, representing a 10% increase from 2012.

It is important to note that there are no figures available for the years 2017 and 2023 in the register for this 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, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 5,800 per sq.ft, indicating that Senthil Nagar 3rd Street's 2024 figure is above this median.

• Senthil Nagar 4th Street: Rs 5,800 per sq.ft (2024)
• Senthil Nagar 2nd Street: Rs 8,800 per sq.ft (2024)
• Senthil Nagar 1st Street: Rs 11,000 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 3rd 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. Together, the stamp duty and registration fee would total Rs 9,90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar 3rd Street?

Senthil Nagar 3rd Street is covered by 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 plays a crucial role in the registration process for property transactions in Puliyur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the transaction is registered at a value that reflects the current market conditions as set by the government.

During the registration process, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This means that if the sale price exceeds the guideline value, the stamp duty will be calculated on the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Senthil Nagar 3rd Street?

The current guideline value of Senthil Nagar 3rd 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, marking an overall increase of 1730% over the years.

Are there any revisions with no figures for Senthil Nagar 3rd Street?

Yes, the register has no figures for Senthil Nagar 3rd Street for the years 2017 and 2023.

What is the land classification for Senthil Nagar 3rd Street?

The land classification for Senthil Nagar 3rd Street is Commercial Special Type - I.

Where is the Kodambakkam Sub Registrar Office located?

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