Guideline Value for Senthil Nagar 3rd Cross Street

Senthil Nagar 3rd Cross Street guideline value

The current guideline value of Senthil Nagar 3rd 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, classified as Residential Class I Type - I.

How the guideline value of Senthil Nagar 3rd Cross Street has changed

The guideline value for Senthil Nagar 3rd Cross Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 3,000 per sq.ft in both the 2012 and 2023 revisions. The current 2024 revision marks a 10% increase from the 2023 figure, bringing it to Rs 3,300 per sq.ft. Notably, the register has no figure for this street in the years 2002, 2003, and 2017.

From the 2007 revision to the 2024 revision, the overall increase is 230%. The 2007 to 2012 period saw a significant increase of 200%, while there was no change from 2012 to 2023.

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. The median guideline value for these streets is Rs 3,300 per sq.ft, which is the same as that of Senthil Nagar 3rd Cross Street.

• Senthil Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 4th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 1st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar 3rd 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 would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please 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 details.

Which Sub Registrar Office covers Senthil Nagar 3rd Cross Street?

The Sub Registrar Office that covers Senthil Nagar 3rd 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 critical factor in 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 transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Senthil Nagar 3rd Cross Street?

The current guideline value of Senthil Nagar 3rd 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 registration office for Senthil Nagar 3rd Cross Street?

The registration office for Senthil Nagar 3rd Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Senthil Nagar 3rd Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.

Where can I find more information on stamp duty and registration fees?

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