Guideline Value for Senthil Nagar 19th Street

Senthil Nagar 19th Street guideline value

The current guideline value of Senthil Nagar 19th 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 19th Street has changed

The guideline value for Senthil Nagar 19th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 300%. However, it then decreased to Rs 2,680 per sq.ft in 2017, reflecting a drop of 33%. The value saw a substantial increase to Rs 4,000 per sq.ft in 2023, and further rose to Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 340%, showcasing significant changes in the valuation of this street over the years.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO, with guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft as per the 2024 revision. The median guideline value in this area is Rs 3,300 per sq.ft, making the current figure for Senthil Nagar 19th Street above the median.

• Senthil Nagar 18th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 18th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 17th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 17th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 16th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar 19th 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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Nagar 19th Street?

The Sub Registrar Office that covers Senthil Nagar 19th 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 in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the value of the property, which is essential for calculating stamp duty and registration fees.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly in the official records. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Senthil Nagar 19th Street?

The current guideline value of Senthil Nagar 19th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,000 per sq.ft to Rs 4,400 per sq.ft in 2024, showing significant changes over the years.

What is the land classification for Senthil Nagar 19th Street?

Senthil Nagar 19th Street is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Senthil Nagar 19th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.