Guideline Value for Senthil Nagar 13th Cross Street Extension

Senthil Nagar 13th Cross Street Extension guideline value

The current guideline value of Senthil Nagar 13th Cross Street Extension is Rs 3,300 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 Class I Type - I.

How the guideline value of Senthil Nagar 13th Cross Street Extension has changed

Over the years, the guideline value of Senthil Nagar 13th Cross Street Extension has seen several revisions. The 2007 revision set the value at Rs 700 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a remarkable increase of 329%. However, from 2012 to 2017, the value dropped to Rs 2,010 per sq.ft, a decrease of 33%. The subsequent revisions saw a rise again, with the value reaching Rs 3,000 per sq.ft in 2023, a 49% increase from the 2017 figure. The current revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, reflecting a 10% rise 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. Overall, from 2007 to 2024, the guideline value has increased by 371%.

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 value among these streets is Rs 3,300 per sq.ft, which is the same as the current guideline value for Senthil Nagar 13th Cross Street Extension.

• Senthil Nagar 13th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 13th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 14th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 14th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 12th Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar 13th Cross Street Extension

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, bringing the total fees to Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Senthil Nagar 13th Cross Street Extension?

The Sub Registrar Office that covers Senthil Nagar 13th Cross 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 crucial factor when buying or selling property in Kolathur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with government regulations.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Senthil Nagar 13th Cross Street Extension?

The current guideline value of Senthil Nagar 13th Cross Street Extension 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 significantly, increasing from Rs 700 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, which is an overall increase of 371%.

What is the land classification for Senthil Nagar 13th Cross Street Extension?

Senthil Nagar 13th Cross Street Extension is classified as Residential Class I Type - I.

What are the stamp duty rates applicable in Kolathur?

The stamp duty rate in Kolathur is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Senthil Nagar 13th Cross Street Extension is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.