Guideline Value for Senthil Nagar IInd Cross Street

Senthil Nagar IInd Cross Street guideline value

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

How the guideline value of Senthil Nagar IInd Cross Street has changed

The guideline value for Senthil Nagar IInd Cross Street has seen several revisions over the years. In 2012, the value was Rs 3,200 per sq.ft, which decreased to Rs 2,144 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,200 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 3,520 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for Senthil Nagar IInd Cross Street for the years 2002, 2003, and 2007. Overall, comparing the values from 2012 to 2024, there has been a 10% increase in the guideline value.

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, with a median value of Rs 3,960 per sq.ft. The guideline value of Senthil Nagar IInd Cross Street is below this median.

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

Stamp duty and registration fee for property in Senthil Nagar IInd 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 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 also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Senthil Nagar IInd Cross Street?

The Sub Registrar Office that covers Senthil Nagar IInd Cross Street 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 when registering 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, both the buyer and seller must consider the guideline value to ensure compliance with the legal requirements. This value is essential for calculating the stamp duty and registration fees that are due at the time of the transaction.

Frequently asked questions

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

The current guideline value of Senthil Nagar IInd 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 2012 to Rs 2,144 per sq.ft in 2017, then increased 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 IInd Cross Street?

Senthil Nagar IInd Cross Street is classified as Residential Special Type - II.

Where can I find the registration office for this area?

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

How is the stamp duty calculated for property transactions?

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