Guideline Value for Senthil Murugan Street

Senthil Murugan Street guideline value

The current guideline value of Senthil Murugan Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Senthil Murugan Street has changed

The guideline value for Senthil Murugan Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from Rs 1,800 per sq.ft in 2023. Prior to this, the 2017 revision recorded a value of Rs 1,206 per sq.ft, indicating a significant increase of 49% from the previous 2023 figure. The 2012 revision also noted a value of Rs 1,800 per sq.ft, which was a decrease of 33% from the 2017 value.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Senthil Murugan Street's 2024 figure above this median.

• Senbagam Street: Rs 1,320 per sq.ft (2024)
• Shankar Street: Rs 1,650 per sq.ft (2024)
• Seevagasindhamani Street: Rs 1,320 per sq.ft (2024)
• Sathyamurthy Street: Rs 2,200 per sq.ft (2024)
• Sathyamurthi Street Extension: Rs 1,650 per sq.ft (2024)
• Silappadhigara Cross Street: Rs 1,980 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Murugan Street?

Senthil Murugan Street is covered by 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 additional information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peerklankaranai. It serves as the basis for calculating the stamp duty and registration fees that are required at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure they meet all legal requirements during the transaction.

Additionally, the guideline value is periodically revised by the Registration Department, reflecting changes in land classification and market conditions. This ensures that the values remain relevant and up to date, providing a fair basis for property transactions in the area.

Frequently asked questions

What is the current guideline value of Senthil Murugan Street?

The current guideline value of Senthil Murugan Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, a 10% increase. From 2017 to 2023, it increased by 49%, while from 2012 to 2017, it decreased by 33%.

What is the land classification for Senthil Murugan Street?

Senthil Murugan Street is classified as Residential Class I Type - I. This classification is important for understanding the types of properties that can be developed in the area.

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for properties on Senthil Murugan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at 7%.