Guideline Value for Senthil Nagar 3rd Street

Senthil Nagar 3rd Street guideline value

The current guideline value for Senthil Nagar 3rd Street is Rs 4,400 per sq.ft. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Special Type - I.

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

Since the 2007 revision, the guideline value has seen significant changes. The value started at Rs 1,000 per sq.ft in 2007, then increased to Rs 4,000 per sq.ft in 2012, a rise of 300%. However, it dropped to Rs 2,680 per sq.ft in 2017, marking a decrease of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, an increase of 49%, before reaching the current figure of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register 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 guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value is Rs 3,300 per sq.ft, making the current guideline value for Senthil Nagar 3rd Street above this median.

• Senthil Nagar 3rd 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 2nd Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to 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, totaling Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Senthil Nagar 3rd Street?

The Sub Registrar Office that covers Senthil Nagar 3rd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Kolathur. It is used to determine the stamp duty and registration fees during the registration process. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements.

When a property is bought or sold, the guideline value helps establish a baseline for taxation purposes. It is crucial for both parties to understand this value to avoid any discrepancies during the registration of the property.

Frequently asked questions

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

The current guideline value for Senthil Nagar 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, which is a total increase of 340% over this period.

What are the registration fees for property in Senthil Nagar 3rd Street?

The registration fees for property in Senthil Nagar 3rd Street include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

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

What is the land classification for Senthil Nagar 3rd Street?

Senthil Nagar 3rd Street is classified as Residential Special Type - I, which influences its guideline value and property transactions.