Guideline Value for Senthil Nagar Annexe

Senthil Nagar Annexe guideline value

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

How the guideline value of Senthil Nagar Annexe has changed

The guideline value for Senthil Nagar Annexe has seen several revisions over the years. In 2002, the value was Rs 341 per sq.ft, which increased to Rs 378 per sq.ft in 2003. Following that, the value rose significantly to Rs 750 per sq.ft in 2007, and then it jumped to Rs 3,200 per sq.ft in 2012. However, there was a decline to Rs 2,144 per sq.ft in 2017. The value then increased to Rs 3,200 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 3,520 per sq.ft.

Notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 327% increase from 2007 to 2012, a 98% increase from 2003 to 2007, and an 11% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 932%.

Guideline values in Porur

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

• Senthil Nagar Annexe Lane: 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

For a 1,000 sq.ft plot at the current rate of Rs 3,520 per sq.ft, the 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, bringing the total to Rs 3,16,800. 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 Annexe?

The Sub Registrar Office that covers Senthil Nagar Annexe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO if you need further assistance.

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, as it determines the minimum value on which stamp duty and registration fees are calculated. When buying or selling a property, the guideline value must be considered to ensure compliance with the local regulations.

During the registration process, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is documented correctly and that the government receives the necessary revenue from property sales.

Frequently asked questions

What is the current guideline value of Senthil Nagar Annexe?

The current guideline value of Senthil Nagar Annexe 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 undergone several revisions, increasing from Rs 341 per sq.ft in 2002 to Rs 3,520 per sq.ft in 2024, marking an overall increase of 932% over the years.

What are the other streets in Porur with the same guideline value?

Other streets in Porur that share the same guideline value of Rs 3,520 per sq.ft include Senthil Nagar Annexe Lane, Senthil Nagar Annexe VIth Cross Street, Senthil Nagar Annexe Vth Cross Street, Senthil Nagar IIIrd Cross Street, Senthil Nagar IInd Cross Street, and Senthil Nagar IInd Main Road.

What are the stamp duty and registration fees for a property in Senthil Nagar Annexe?

For a property valued at Rs 35,20,000 in Senthil Nagar Annexe, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Where is the Sub Registrar Office for Senthil Nagar Annexe located?

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