Guideline Value for Senthil Avenue 1st Cross Street

Senthil Avenue 1st Cross Street guideline value

The current guideline value of Senthil Avenue 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Senthil Avenue 1st Cross Street has changed

The guideline value for Senthil Avenue 1st Cross Street has undergone several revisions over the years. The earliest available revision is from 2012, where the value was Rs 2,000 per sq.ft. This was followed by a decrease in 2017 to Rs 1,340 per sq.ft, marking a reduction of 33%. In 2023, the value increased to Rs 2,000 per sq.ft, and in the latest revision for 2024, it is now Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is the same as the current value for Senthil Avenue 1st Cross Street.

• Senthil Avenue 1st Main Road: Rs 2,200 per sq.ft (2024)
• Senthil Avenue: Rs 2,200 per sq.ft (2024)
• Senthil Avenue 1st Street: Rs 2,200 per sq.ft (2024)
• Senthil Avenue 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Senthil Avenue 2nd Main Road: Rs 2,200 per sq.ft (2024)
• Senthil Avenue 2nd Street: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Avenue 1st Cross Street?

The Sub Registrar Office that covers Senthil Avenue 1st Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Chembakkam. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property in the area.

When selling property, the guideline value ensures that the transaction is documented at a standard value, which helps in maintaining transparency and consistency in property dealings. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

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

The current guideline value of Senthil Avenue 1st Cross 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 changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Senthil Avenue 1st Cross Street?

The land classification for Senthil Avenue 1st Cross Street is Residential Special Type - II.

What are the registration fees for property in Senthil Avenue 1st Cross Street?

The registration fees for property in Senthil Avenue 1st Cross Street include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for this area located?

The Sub Registrar Office for Senthil Avenue 1st Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.