Guideline Value for Senthil Nagar Annexe VIth Cross Street

Senthil Nagar Annexe VIth Cross Street guideline value

The current guideline value of Senthil Nagar Annexe VIth Cross Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Senthil Nagar Annexe VIth Cross Street has changed

The guideline value for Senthil Nagar Annexe VIth Cross Street has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 3,200 per sq.ft. In 2017, this value decreased to Rs 2,144 per sq.ft, marking a decline of 33%. However, by 2023, the value increased to Rs 3,200 per sq.ft, and in the latest revision for 2024, it rose further to Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 figure to the 2024 figure, there has been a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, placing Senthil Nagar Annexe VIth Cross Street's 2024 figure below the median.

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

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 amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, leading to a total of 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 VIth Cross Street?

The Sub Registrar Office that covers Senthil Nagar Annexe VIth Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical component in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a recognized value of the property.

When a property transaction occurs, the guideline value helps to establish a fair price for the transaction, which is essential for the legal documentation and transfer of ownership. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Senthil Nagar Annexe VIth Cross Street?

The current guideline value for Senthil Nagar Annexe VIth Cross Street 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 2023 to Rs 3,520 per sq.ft in 2024, a 10% increase. It was Rs 2,144 per sq.ft in 2017 and Rs 3,200 per sq.ft in 2012.

What is the land classification for this street?

The land classification for Senthil Nagar Annexe VIth Cross Street is Residential Special Type - II.

Where can I find the registration office for this area?

The registration office for Senthil Nagar Annexe VIth Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,46,400 at a rate of 7%.