Guideline Value for Senthil Nagar 11th Street

Senthil Nagar 11th Street guideline value

The current guideline value of Senthil Nagar 11th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Special Type - I.

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

The guideline value for Senthil Nagar 11th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is a 64% increase from 2017.

Overall, from 2007 to 2024, the guideline value has increased by 340%. It is important to note that 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 have a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Senthil Nagar 11th Street is above this median, reflecting its unique characteristics.

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

Stamp duty and registration fee for property in Senthil Nagar 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Senthil Nagar 11th Street?

The Sub Registrar Office that covers Senthil Nagar 11th 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 is a crucial factor when buying or selling property in Kolathur, as it determines the stamp duty and registration fees applicable during the transaction. Buyers and sellers must refer to the current guideline value to ensure compliance with local regulations and to calculate the financial implications of their property transactions.

When registering a property, the guideline value serves as a benchmark to assess the sale price. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

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

The current guideline value of Senthil Nagar 11th Street 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 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 340% over the years.

What is the land classification of Senthil Nagar 11th Street?

Senthil Nagar 11th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for Senthil Nagar 11th Street?

The registration office for Senthil Nagar 11th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate fees are collected during property transactions in Kolathur.