Guideline Value for Senthil Nagar 18th Cross Street

Senthil Nagar 18th Cross Street guideline value

The current guideline value of Senthil Nagar 18th Cross Street is Rs 3,300 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 Class I Type - I.

How the guideline value of Senthil Nagar 18th Cross Street has changed

The guideline value for Senthil Nagar 18th Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017. Following this, the value rose significantly to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 3,300 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 saw a decrease of 33%, while the value jumped by 200% from 2007 to 2012. Overall, from 2007 to 2024, there has been an increase of 230% in the guideline value.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO with a 2024 guideline value range from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Senthil Nagar 18th Cross Street.

• Senthil Nagar 17th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 18th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 17th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 19th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 16th Street: Rs 4,400 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 18th 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, bringing the total to 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar 18th Cross Street?

The Sub Registrar Office that covers Senthil Nagar 18th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Kolathur

The guideline value is a crucial factor during the registration 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 state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal and financial implications of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this value, which can significantly affect the overall cost of the property purchase.

Frequently asked questions

What is the current guideline value of Senthil Nagar 18th Cross Street?

The current guideline value of Senthil Nagar 18th 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, reflecting an overall increase of 230% over the years.

What is the stamp duty rate for property in Senthil Nagar 18th Cross Street?

The stamp duty rate for property transactions in Senthil Nagar 18th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Senthil Nagar 18th Cross Street?

The Sembiam Sub Registrar Office covers Senthil Nagar 18th Cross Street and is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Senthil Nagar 18th Cross Street?

The land classification for Senthil Nagar 18th Cross Street is Residential Class I Type - I.