Guideline Value for Senthil Murugan Street

Senthil Murugan Street guideline value

The current guideline value of Senthil Murugan Street in Irumpuliyur village is Rs 2,530 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of Senthil Murugan Street has changed

The guideline value for Senthil Murugan Street has undergone several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,300 per sq.ft in 2012. However, this figure dropped to Rs 1,541 per sq.ft in 2017. The value then rose to Rs 2,300 per sq.ft in 2023 before reaching the current rate of Rs 2,530 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The period from 2012 to 2017 saw a decrease of 33%. The substantial rise from 2007 to 2012 was 360%. Overall, from 2007 to 2024, the guideline value has increased by 406%. The register has no figures for the years 2002 and 2003.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, placing Senthil Murugan Street's 2024 value above this median.

• Sentamizh Sethu Pillai Street: Rs 2,530 per sq.ft (2024)
• Senganiamman Koil Street: Rs 2,530 per sq.ft (2024)
• Service Road(Maduravayul ByPass): Rs 1,650 per sq.ft (2024)
• Sellli amman Koil 1st Street: Rs 3,300 per sq.ft (2024)
• Sathya Sayee Street: Rs 2,200 per sq.ft (2024)
• Sathiya Sai Nagar Main Road 3: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Murugan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, while the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. It is important to note that the 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 Murugan Street?

The Sub Registrar Office that covers Senthil Murugan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Irumpuliyur

The guideline value is a crucial factor in the registration process when buying or selling property in Irumpuliyur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, buyers and sellers must consider the guideline value as it influences the overall cost of the transaction. It is essential to be aware of the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Senthil Murugan Street?

The current guideline value of Senthil Murugan Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024, reflecting a significant overall increase of 406% over the years.

What is the land classification for Senthil Murugan Street?

Senthil Murugan Street is classified as Residential Special Type - I under the current regulations.

How is stamp duty calculated for properties in Senthil Murugan Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,77,100.

Where can I find the Sub Registrar Office for Senthil Murugan Street?

The Sub Registrar Office for Senthil Murugan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.