Guideline Value for Senthil Nagar Annexe Lane

Senthil Nagar Annexe Lane guideline value

The current guideline value of Senthil Nagar Annexe Lane is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Senthil Nagar Annexe Lane has changed

The guideline value for Senthil Nagar Annexe Lane has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,200 per sq.ft. This was followed by a decrease to Rs 2,144 per sq.ft in 2017. In 2023, the value increased to Rs 3,200 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 3,520 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Between the revisions, there have been significant changes. From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a guideline value for 2024, 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 Senthil Nagar Annexe Lane's 2024 figure below that median.

• Senthil Nagar Annexe: Rs 3,520 per sq.ft (2024)
• Senthil Nagar Annexe VIth Cross Street: Rs 3,520 per sq.ft (2024)
• Senthil Nagar Annexe Vth Cross Street: Rs 3,520 per sq.ft (2024)
• Senthil Nagar IIIrd Cross Street: Rs 3,520 per sq.ft (2024)
• Senthil Nagar IInd Cross Street: Rs 3,520 per sq.ft (2024)
• Senthil Nagar IInd Main Road: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Senthil Nagar Annexe Lane

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 be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, making the total cost for these fees Rs 3,16,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Senthil Nagar Annexe Lane?

The Sub Registrar Office covering Senthil Nagar Annexe Lane is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Porur. It serves as the basis for calculating stamp duty and registration fees during the buying or selling process. Buyers and sellers must consider this value to ensure compliance with legal requirements and to understand the financial implications of their transactions.

When registering a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value at the time of the transaction.

Frequently asked questions

What is the current guideline value for Senthil Nagar Annexe Lane?

The current guideline value for Senthil Nagar Annexe Lane 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 2012 to Rs 2,144 per sq.ft in 2017, then back to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification for Senthil Nagar Annexe Lane?

Senthil Nagar Annexe Lane is classified as Residential Special Type - II under the Kunrathur SRO.

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

The Sub Registrar Office for Senthil Nagar Annexe Lane is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Senthil Nagar Annexe Lane?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 at a rate of 7%.