Guideline Value for Senthil Nagar 12th Cross Street

Senthil Nagar 12th Cross Street guideline value

The current guideline value of Senthil Nagar 12th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Senthil Nagar 12th Cross Street has changed

Over the years, the guideline value of Senthil Nagar 12th Cross Street has undergone several revisions. The oldest revision available is from 2007, where the 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, in the following revision in 2017, the value dropped to Rs 2,680 per sq.ft, which was a decrease of 33%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting a 64% increase from 2017.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street.

Guideline values in Kolathur

In Kolathur, a total of 879 streets under the Sembiam SRO 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 of Senthil Nagar 12th Cross Street is above this median, indicating a higher valuation compared to many other streets in the area.

• Senthil Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 11th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 13th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 10th Street Extension: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 13th Cross Street Extension: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar 12th Cross 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 fees together to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Nagar 12th Cross Street?

The Sub Registrar Office that covers Senthil Nagar 12th 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 is a crucial factor during the registration of property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers must consider this value to understand the costs involved in the registration process, as the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Senthil Nagar 12th Cross Street?

The current guideline value of Senthil Nagar 12th Cross 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 significantly, from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 340%.

What is the land classification for Senthil Nagar 12th Cross Street?

Senthil Nagar 12th Cross Street is classified as Residential Special Type - I.

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

The Sub Registrar Office for Senthil Nagar 12th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, 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.