Guideline Value

Corporate

Guideline Value for Senthil Nagar 1st Cross Street

₹3520/sq.ft.

The guideline value for Senthil Nagar 1st Cross Street in Porur village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Senthil Nagar 1st Cross Street

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Senthil Nagar 1st Cross Street guideline value

The current guideline value of Senthil Nagar 1st Cross Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, and it falls under the Residential Special Type - II land classification.

How the guideline value of Senthil Nagar 1st Cross Street has changed

Over the years, the guideline value for Senthil Nagar 1st Cross Street has seen several revisions. The 2012 revision set the value at Rs 3,200 per sq.ft, which was then decreased to Rs 2,144 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,200 per sq.ft in the 2023 revision, and further rose to Rs 3,520 per sq.ft in the latest 2024 revision. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, placing the 2024 guideline value of Senthil Nagar 1st Cross Street below this median.

Stamp duty and registration fee for property in Senthil Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total costs together to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Nagar 1st Cross Street?

The Sub Registrar Office that covers Senthil Nagar 1st Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Porur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration fees and stamp duties are calculated appropriately.

When buying or selling property, the guideline value is used to assess the transaction value, and it is essential for both buyers and sellers to 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 1st Cross Street?

The current guideline value of Senthil Nagar 1st Cross Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,144 per sq.ft in 2017 and Rs 3,200 per sq.ft in 2012.

What is the median guideline value for streets in Porur?

The median guideline value for streets in Porur is Rs 3,960 per sq.ft, which is above the current value of Senthil Nagar 1st Cross Street.

What are the stamp duty and registration fees for property transactions?

For a 1,000 sq.ft property at the current guideline value, the total costs would amount to Rs 3,16,800, including stamp duty and registration fees. Duty is charged on the higher of the guideline value or sale price.

Which office handles registrations for Senthil Nagar 1st Cross Street?

The Kunrathur Sub Registrar Office handles registrations for Senthil Nagar 1st Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.