Guideline Value for Senthil Nagar 6th Street

Senthil Nagar 6th Street guideline value

The current guideline value of Senthil Nagar 6th 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 6th Street has changed

The guideline value for Senthil Nagar 6th Street has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 1,000 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, in 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a 33% drop. The guideline value then rose to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 340%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have 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, placing Senthil Nagar 6th Street's 2024 figure above this median.

• Senthil Nagar 6th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 7th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 5th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 7th Street: Rs 4,400 per sq.ft (2024)
• Senthil Nagar 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Senthil Nagar 8th Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value, the total 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, bringing the total 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. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar 6th Street?

The Sub Registrar Office that covers Senthil Nagar 6th 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

When buying or selling property in Kolathur, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees that are applicable to the transaction.

Both buyers and sellers should be aware that the guideline value is set by the Registration Department and reflects the minimum value at which properties in the area are assessed. This ensures transparency and helps in standardizing property transactions.

Frequently asked questions

What is the current guideline value of Senthil Nagar 6th Street?

The current guideline value of Senthil Nagar 6th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with fluctuations in between.

What is the land classification for Senthil Nagar 6th Street?

Senthil Nagar 6th Street is classified as Residential Special Type - I.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. It is typically set at 7% of the guideline value.