Guideline Value for Senthil Nagar 10th Street Extension

Senthil Nagar 10th Street Extension guideline value

The current guideline value of Senthil Nagar 10th Street Extension is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village and falls under the Sembiam SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Senthil Nagar 10th Street Extension has changed

Over the years, the guideline value of Senthil Nagar 10th Street Extension has seen several revisions. The earliest recorded revision in 2007 set the value at Rs 700 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 471%. However, the value decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The most recent revision in 2024 has brought the guideline value back up to Rs 4,400 per sq.ft, reflecting an increase of 64% from the 2017 figure. Notably, the register has no figures for the years 2023, 2003, and 2002 for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value in the area is Rs 3,300 per sq.ft, placing the 2024 figure for Senthil Nagar 10th Street Extension above this median.

• Senthil Nagar 11th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 10th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 10th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 12th Cross Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 12th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar 10th Street Extension

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that 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 10th Street Extension?

The Sub Registrar Office that covers Senthil Nagar 10th Street Extension is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Senthil Nagar 10th Street Extension?

The current guideline value of Senthil Nagar 10th Street Extension is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 529% over the years.

What is the land classification for Senthil Nagar 10th Street Extension?

The land classification for Senthil Nagar 10th Street Extension is Residential Special Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers this area?

The Sembiam Sub Registrar Office covers Senthil Nagar 10th Street Extension, located at 5, Papermills Road, Sembiam, Chennai - 600011.