Guideline Value for Senthil Nagar 17th Street

Senthil Nagar 17th Street guideline value

The current guideline value of Senthil Nagar 17th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

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

The guideline value for Senthil Nagar 17th Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, this was followed by a decrease to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, and most recently, it has been revised to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available in the register for the years 2002 and 2003 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, with 2024 guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Senthil Nagar 17th Street's 2024 figure above that median.

• Senthil Nagar 17th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 18th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 16th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 18th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 16th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 19th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar 17th 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, resulting in a total of Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Nagar 17th Street?

The Sub Registrar Office that covers Senthil Nagar 17th 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 plays a crucial role in the registration process of property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value is used to calculate the 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, which can impact the total expenditure during the transaction.

Frequently asked questions

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

The current guideline value of Senthil Nagar 17th 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 from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 340% over this period.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Senthil Nagar 17th Street is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Sembiam Sub Registrar Office?

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

What is the median guideline value in Kolathur?

The median guideline value for streets in Kolathur under the Sembiam SRO is Rs 3,300 per sq.ft, which is lower than the current guideline value of Senthil Nagar 17th Street.