Guideline Value for Senthil Nagar 11th Cross Street

Senthil Nagar 11th Cross Street guideline value

The current guideline value of Senthil Nagar 11th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Senthil Nagar 11th Cross Street has changed

Over the years, the guideline value for Senthil Nagar 11th Cross Street has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 3,300 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. The overall change from the 2007 revision to the current 2024 revision shows an increase of 230%.

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 this area is Rs 3,300 per sq.ft, which is the same as the current value for Senthil Nagar 11th Cross Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar 11th Cross Street?

The Sub Registrar Office that covers Senthil Nagar 11th Cross Street 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 plays a crucial role in the registration process when buying or selling property in Kolathur. It is used to determine the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees.

Additionally, the guideline value helps in establishing a baseline for property transactions within the area. It ensures that the property is registered at a value that reflects the current market conditions as determined by the government.

Frequently asked questions

What is the current guideline value of Senthil Nagar 11th Cross Street?

The current guideline value of Senthil Nagar 11th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 230% over the years.

What is the land classification for Senthil Nagar 11th Cross Street?

Senthil Nagar 11th Cross Street is classified as Residential Class I Type - I.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.