Guideline Value for Senthil Nagar 14th Street

Senthil Nagar 14th Street guideline value

The current guideline value of Senthil Nagar 14th 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 14th Street has changed

Over the years, the guideline value of Senthil Nagar 14th Street has seen significant changes. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 4,000 per sq.ft in the 2012 revision. There was no figure available for the revisions in 2002, 2003, and 2017. The value remained unchanged at Rs 4,000 per sq.ft until the 2023 revision, which raised it to Rs 4,400 per sq.ft, marking a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. The 2012 to 2023 period saw no change, maintaining the value at Rs 4,000 per sq.ft.

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, with a median value of Rs 3,300 per sq.ft. Senthil Nagar 14th Street's 2024 guideline value of Rs 4,400 per sq.ft is above the median for the area.

• Senthil Nagar 14th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 15th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 13th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 15th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 13th Cross Street Extension: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 16th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar 14th 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 to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Senthil Nagar 14th Street?

The Sub Registrar Office that covers Senthil Nagar 14th 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 minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty based on the higher of the guideline value or the sale price. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Senthil Nagar 14th Street?

The current guideline value of Senthil Nagar 14th 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 a total increase of 340% over the years.

What is the land classification for Senthil Nagar 14th Street?

The land classification for Senthil Nagar 14th Street is Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in this area?

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, totaling Rs 3,96,000.

Which office handles property registrations for Senthil Nagar 14th Street?

The Sembiam Sub Registrar Office handles property registrations for Senthil Nagar 14th Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.