Guideline Value for Senthil Nagar 12th Street

Senthil Nagar 12th Street guideline value

The current guideline value of Senthil Nagar 12th 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 12th Street has changed

The guideline value for Senthil Nagar 12th Street has undergone several revisions over the years. The earliest registered figure is from 2007, where it 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 33% drop. The most recent revision in 2024 saw the guideline value rise to Rs 4,400 per sq.ft, which is a 64% increase from the 2017 figure.

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

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 of Senthil Nagar 12th Street is above this median.

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

Stamp duty and registration fee for property in Senthil Nagar 12th 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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar 12th Street?

The Sub Registrar Office that covers Senthil Nagar 12th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is an essential 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 that need to be paid during the transaction.

Frequently asked questions

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

The current guideline value of Senthil Nagar 12th 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 are the stamp duty and registration fees for property in Senthil Nagar 12th Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

Which Sub Registrar Office covers Senthil Nagar 12th Street?

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

How is the guideline value used when buying or selling property?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to be aware of this value to understand the costs involved in the registration process.