Guideline Value for Senthil Nagar Annexe Vth Cross Street

Senthil Nagar Annexe Vth Cross Street guideline value

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

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

The guideline value for Senthil Nagar Annexe Vth Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft. However, this figure decreased to Rs 2,144 per sq.ft in the 2017 revision. The subsequent revision in 2023 raised the value back to Rs 3,200 per sq.ft, and the latest revision in 2024 has further increased it to Rs 3,520 per sq.ft, marking a 10% rise from the previous year.

In summary, the changes between the revisions are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, the value increased significantly by 49%; and overall, from 2012 to 2024, there has been an increase of 10%. 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 in this area is Rs 3,960 per sq.ft, indicating that the value of Senthil Nagar Annexe Vth Cross Street is below this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to 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, bringing the total cost for these fees to Rs 3,16,800. It is important to note that 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 Annexe Vth Cross Street?

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

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

The guideline value plays a crucial role in the registration process of property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Senthil Nagar Annexe Vth Cross Street?

The current guideline value of Senthil Nagar Annexe Vth 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, marking a 10% increase. It was Rs 2,144 per sq.ft in 2017, which was a significant increase from Rs 3,200 per sq.ft in 2012.

What is the land classification of Senthil Nagar Annexe Vth Cross Street?

Senthil Nagar Annexe Vth Cross Street is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 3,16,800.

Which Sub Registrar Office covers this street?

The Kunrathur Sub Registrar Office covers Senthil Nagar Annexe Vth Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.