Guideline Value for Senthil Nagar 4th Cross Street

Senthil Nagar 4th Cross Street guideline value

The current guideline value of Senthil Nagar 4th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Senthil Nagar 4th Cross Street has changed

The guideline value for Senthil Nagar 4th Cross Street has undergone several revisions over the years. The oldest recorded revision is from 2007, where the value was Rs 1,000 per sq.ft. This figure increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% increase. The value remained unchanged at Rs 3,000 per sq.ft in the 2023 revision. As of the 2024 revision, the guideline value has risen to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. Notably, there are no recorded figures for the years 2002, 2003, and 2017 for this street.

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 value for these streets is Rs 3,300 per sq.ft, which is equal to the guideline value of Senthil Nagar 4th Cross Street.

• Senthil Nagar 4th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 5th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 6th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar 4th 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, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees 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.

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

Which Sub Registrar Office covers Senthil Nagar 4th Cross Street?

The Sub Registrar Office that covers Senthil Nagar 4th 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 crucial reference point when buying or selling property in Kolathur. It is used to determine the stamp duty and registration fees that must be paid during the property transaction process.

When registering a property, the guideline value serves as the minimum value on which these fees are calculated. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Senthil Nagar 4th Cross Street?

The current guideline value of Senthil Nagar 4th 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, showing a 230% increase overall. The value remained at Rs 3,000 per sq.ft from 2012 to 2023 before increasing to Rs 3,300 per sq.ft in 2024.

What are the other streets in Kolathur with their guideline values?

Other streets in Kolathur have varying guideline values. For instance, Senthil Nagar 4th Street and Senthil Nagar 3rd Street are both valued at Rs 4,400 per sq.ft in 2024, while Senthil Nagar 5th Cross Street, Senthil Nagar 3rd Cross Street, and Senthil Nagar 6th Cross Street are valued at Rs 3,300 per sq.ft.

What is the registration fee for property in Senthil Nagar 4th Cross Street?

The registration fee for property in Senthil Nagar 4th Cross Street is calculated based on the guideline value. For a property valued at Rs 33,00,000, the registration fee would be Rs 66,000, which is 2% of the guideline value.

Which Sub Registrar Office covers the area of Senthil Nagar 4th Cross Street?

The Sembiam Sub Registrar Office covers Senthil Nagar 4th Cross Street. It is located at 5, Papermills Road, Sembiam, Chennai - 600011.