Guideline Value for Senthil Nagar 13th Cross Street

Senthil Nagar 13th Cross Street guideline value

The current guideline value of Senthil Nagar 13th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

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

The guideline value for Senthil Nagar 13th Cross Street has seen several revisions over the years. In 2007, the value was set at Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, in 2017, the value dropped to Rs 2,010 per sq.ft, a decrease of 33%. The value then increased to Rs 3,000 per sq.ft in 2023, and finally, it is now Rs 3,300 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

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 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 value is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Senthil Nagar 13th Cross Street.

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

Stamp duty and registration fee for property in Senthil Nagar 13th 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 is 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 duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Senthil Nagar 13th 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 when registering property transactions in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. 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?

The current guideline value of Senthil Nagar 13th 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 seen several revisions, starting from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024. The most significant increase occurred between 2007 and 2012, with a 200% rise.

What is the median guideline value in Kolathur?

The median guideline value in Kolathur is Rs 3,300 per sq.ft, which is the same as the 2024 figure for Senthil Nagar 13th Cross Street.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the higher of the guideline value or sale price, while the registration fee is 2%. For a property valued at Rs 33,00,000, the total fees would be Rs 2,97,000.

Where is the Sub Registrar Office located for Senthil Nagar 13th Cross Street?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles the registration of properties in the area.