Guideline Value for Senthil Nagar 17th Cross Street

Senthil Nagar 17th Cross Street guideline value

The current guideline value of Senthil Nagar 17th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Senthil Nagar 17th Cross Street has changed

The guideline value for Senthil Nagar 17th Cross Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% increase. However, it then decreased to Rs 2,010 per sq.ft in 2017, representing a decline of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 3,300 per sq.ft, a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 230%. The register has no figures for the years 2002 and 2003 for this street.

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. The guideline value for Senthil Nagar 17th Cross Street is equal to this median.

• Senthil Nagar 16th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 17th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 16th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 18th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 15th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 18th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar 17th 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 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, making the total Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Senthil Nagar 17th Cross Street?

The Sub Registrar Office that covers Senthil Nagar 17th 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 minimum price 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 is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Senthil Nagar 17th Cross Street?

The current guideline value for Senthil Nagar 17th 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 changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, with various revisions in between, including a decrease in 2017.

What is the land classification for Senthil Nagar 17th Cross Street?

Senthil Nagar 17th Cross Street is classified as Residential Class I Type - I.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. It is typically charged at 7%, along with a registration fee of 2% on the guideline value.